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Project Descriptions SEC 10-K Paper You will be asked to select a company that is publically traded. You must research and secure the SEC 10-K Annual Report for the most recent year.

Project Descriptions

SEC 10-K Paper

You will be asked to select a company that is publically traded. You must research and secure the SEC 10-K Annual Report for the most recent year. This is often available at the company web site. Look for “Investor Information” or “Company Information”. Save the file to your computer for access. There is no need to print as the report is usually 100 pages or more.

1.     Post the name of your company in the SEC 10-K company for my approval in the week 1 Discussion.

2.     Each student must select a different company so read the company names selected by classmates.

3.     You will use this company for discussion in the discussions during the semester.

4.     You will write a 2 – 3 page paper, single spaced, one inch margins, 12 pt font, with double space between paragraphs. Your paper should comment on the financial statements for your company as they relate to the information presented through week 5 material for our class, including the notes to the financial statements. ** Use headings in your paper such as Accounts Receivable and Inventory (topics from our textbook; other examples would be Balance Sheet and Income Statement). Please keep your paper to no more than 3 pages The report will be submitted after week 5 material on Property, Plant and Equipment (PPE). Do not consider material from weeks 7 and 8 in your paper.

5.     Take care to avoid academic dishonesty. Write your paper, read it, and edit. Use your own words.

6.     Please include a brief introduction of your company as well as a conclusion/summary at the end.

7.     You will also be required to include the Income Statement and Balance Sheet as an attachment to your report (you can cut and paste directly from the 10-K report).

8.     APA style is required for citations and a reference list. Use your own words. The reference list is most important!

9.     Ask questions if any of the requirements are unclear.

10.  Additional guidance for your paper and resources:

11.  Page count does not include title page, tables and exhibits, table of contents, and reference list

12.  Please include a title page (include your name on the title page)

13.  Include a reference list (business classes use APA format)

14.  Include in text citations (business classes use APA format)

15.  Your paper should use one-inch margins on the left, right, top, and bottom of each page, and font set at 12 point.

16.  Take care to comply with the UMUC policy for academic honesty

17.  Write your paper, in your own words, using accounting words from our textbook and explaining how these relate to the financial statements of your company

18.  Our discussion postings during the semester should assist you in completing this paper

19.  Visit the Accounting Toolbox in the Course Content of our LEO classroom

20.  The Accounting Toolbox is a constant resource in our UMUC undergraduate accounting courses

21.  Links and explanations to assist you with this paper may appear in this resource

22.  Additional information will be posted in the Week 1 Discussion area of Leo Classroom. Please make sure you review carefully and ask questions if you have any.

23.  SEC 10-K Power Point Presentation

24.  You will also be required to prepare a brief power point file of no more than 10 slides. Post the power point presentation in the discussion area for comments by other students.

25.  After you read the comments you may wish to make changes to your power point file before submitting it in the assignment folder along.

26.  Include a reference list in APA format.

27.  Ask questions if any of the requirements are unclear.

28.  You are required to post comments on the work of at least one other student who does not yet have comments so everyone has at least one set of comments. Do not wait until the last day to post your power point file so everyone has a chance to visit the files.

 
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Common stock, $10 par value, 200,000 shares authorized; 120,000 shares issued Paid-in Capital in excess of par value 3,711,250 Retained Earnings 4,651,255 Total Equity 9,562,505

Common stock, $10 par value, 200,000 shares authorized; 120,000 shares issued
Paid-in Capital in excess of par value3,711,250
Retained Earnings4,651,255
Total Equity9,562,505
Create a journal entry (if needed) for each of the following items.
Prepare an updated equity section of the balance sheet as of December 31, 2016.
1/28/2016Frederick Mining enters into a loan-modification agreement with the bank, agreeing to appropriate $500,000 of retained earnings to loan repayment.
2/15/2016Frederick Mining board of directors declares a $1.50 per share dividend payable on 3/31/2016 to shareholders of record as of 3/15/2016. Frederick uses a dividends account to record dividends declared.
3/31/2016Cash dividend declared on 2/15/2016 is paid.
7/22/2016Frederick Mining board of directors declares a 10% stock dividend to be paid 8/15/2016 to shareholders of record as of 8/1/2016. The market value of the stock is $49 immediately prior to the declaration.
8/15/2016Stock dividend declared on 7/22/16 is paid.
9/18/2016Frederick Mining buys back 5,000 shares of company stock on the open market for $52 per share. The purchased shares are not retired but are held in treasury.
12/31/2016Close out dividends.
12/31/2016Frederick Mining had the following income and expense account balance as of 12/31/2016. Close out income.
DebitCredit
Sales Revenue6,890,000
Cost of Goods Sold4,752,600
Administrative Salary Expense436,500
Office Expense118,560
Depreciation Expense12,000
Transportation Expense18,400
Interest Expense82,800
DateAccount TitleDebitCredit
1/28/2016Account to debitAmount
Account to creditAmount
2/15/2016Account to debitAmount
Account to creditAmount
3/31/2016Account to debitAmount
Account to creditAmount
7/22/2016Account to debitAmount
Account to creditAmount
Account to creditAmount
8/15/2016Account to debitAmount
Account to creditAmount
9/18/2016Account to debitAmount
Account to creditAmount
12/31/2016Account to debitAmount
Account to creditAmount
12/31/2016Account to debitAmount
Account to creditAmount
Account to creditAmount
Account to creditAmount
Account to creditAmount
Account to creditAmount
Account to creditAmount
12/31/2016Account to debitAmount
Account to creditAmount
12/31/2016Account to debitAmount
Account to creditAmount
Frederick Mining Company
Equity Section of Balance Sheet as of December 31, 2016
Account TitleAmount
Account TitleAmount
Account TitleAmount
Account TitleAmount
Account TitleAmount
Total EquityTotal Amount
 
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Prepare journal entries for the following treasury stock transactions. Assume that all three happen in order when preparing each entry. 2/15/2015 Purchased 48,000 shares for cash at $13.50 per share.

Prepare journal entries for the following treasury stock transactions. Assume that all three happen in order when preparing each entry.
2/15/2015Purchased 48,000 shares for cash at $13.50 per share.
6/6/2015Sold 12,500 treasury shares for cash at $16.00 per share.
8/30/2015Sold 9,500 treasury shares for cash at $12.00 per share.
Instructions: Prepare journal entries for the above transactions.
DateAccount TitleDebitCredit
2/15/2015Account to debitAmount
Account to creditAmount
6/6/2015Account to debitAmount
Account to creditAmount
Account to creditAmount
8/30/2015Account to debitAmount
Account to debitAmount
Account to creditAmount
 
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Kristen Company Adjusted Trial Balance July 31, 2014 No. Account Titles Debits Credits

Kristen Company
 
Adjusted Trial Balance
July 31, 2014
No.Account TitlesDebitsCredits
101Cash$  9,840 
112Accounts Receivable8,140 
157Equipment15,900 
167Accumulated Depreciation—Equip.$  5,400
201Accounts Payable2,220
208Unearned Rent Revenue3,800
311Common Stock18,000
320Retained Earnings20,260Instructions
332Dividends12,000 a)  Prepare the income statement, 
404Service Revenue64,000
429Rent Revenue6,500
711Depreciation Expense3,700 
720Salaries and Wages Expense55,700 
732Utilities Expense14,900 
  $120,180 $120,180
 
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