ACC 300 Week 3 Individual Assignment Part IV
In the work ACC 300 Week 3 Individual Assignment Part IV you will find overview of the following tasks:
1. Assignments from the Readings. Prepare responses to the following assignments from the e-text, Fundamentals of Financial Accounting 1st ed., by Phillips, Libby, and Libby
a.Chapter 3: Questions 3 and 4
b.Chapter 3: Mini-exercise M3-2
Prepare responses to the following assignments from the e-text, Fundamentals Financial Accounting Concepts 5th ed., by Edmonds, Edmonds, McNair, and Olds
Chapter 1: Problem 1-30A (Part A only)
2. Define accrual accounting and contrast it with cash basis accounting.
3. What four conditions must normally be met for revenue to be recognized under accrual basis accounting?
4. M3-2. M3-2 Reporting Cash Basis versus Accrual Basis Income: LO1, LO2
5. 1-30A. L.O.3,5,8 PROBLEM 1-30A Interrelationships among Financial Statements