AMP 415 Grand Canyon Week 1

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AMP 415 Grand Canyon Week 1

Grand Canyon AMP 415 Module 1 Discussion 1

Identify one account that would typically be found on a balance sheet, and one account that would typically be found on an income statement, and define them. Cite any references used, and do not identify accounts that have already been chosen by any of your classmates. Participate in follow-up discussion by reviewing your classmates’ posts and adding to their definitions of terms, or by responding to follow-up questions posed by your instructor.

 

Grand Canyon AMP 415 Module 1 Discussion 2

Choose one of the assumptions, principles, constraints, primary characteristics, secondary characteristics, or elements of accounting as found in the conceptual framework of accounting. Explain the concept in your own words and describe a business situation in which the concept could be applied. Do not choose a concept previously chosen by one of your classmates.

 

Grand Canyon AMP 415 Module 1 Assignment

Using Excel, prepare a classified balance sheet and multistep income statement using the Adjusted Trial Balance for ABC Corporation as of and for the year ended December 31, 2010.

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