Intermediate accounting 17e stice skousen cengage chapter 12

... amortization Chapter 12- 6 LO Explain the procedure for amortizing intangible assets Intangible Intangible Asset Asset Issues Issues Accounting for Intangibles Illustration 12- 1 Chapter 12- 7 LO Explain ... and losses” section Chapter 12- 21 LO Explain the accounting issues related to intangible-asset impairments Impairment Impairment of of Intangible Intangible Assets Assets...

Ngày tải lên: 05/04/2017, 15:44

... CHAPTER 12 ACCOUNTING PRINCIPLES After studying this chapter, you should be able to: Explain the meaning of generally accepted accounting principles and identify the ... Discuss the qualitative characteristics of accounting information and elements of financial statements CHAPTER 12 ACCOUNTING PRINCIPLES After studying this chapter, you should be able to: Identify ......

Ngày tải lên: 05/04/2017, 14:49

... Committee Committee on on Accounting Accounting Procedures Procedures Chapter 1-15 Accounting Accounting Principles Principles Board Board  1939 to 1959  1959 to 1973  Issued 51 Accounting Research ... Financial Financial Accounting Accounting Standards Standards Board Board Governmental Governmental Accounting Accounting Standards Standards Board Board Financial Financial Acc...

Ngày tải lên: 05/04/2017, 15:42

... characteristics of accounting information Define the basic elements of financial statements Describe the basic assumptions of accounting Explain the application of the basic principles of accounting ... financial accounting is important because it can lead to consistent standards and it prescribes the nature, function, and limits of financial accounting and financial statements True...

Ngày tải lên: 05/04/2017, 15:42

... accounts at year-end Chapter 3-2 Accounting Accounting Information Information System System Accounting AccountingInformation Information System System The TheAccounting AccountingCycle Cycle ... Post-closing trial balance Reversing entries Chapter 3-3 Financial statements for merchandisers Accounting Accounting Information Information System System An Accounting Information Syste...

Ngày tải lên: 05/04/2017, 15:42

... Earnings Increase Net income Change in accounting principle Error corrections Decrease Net loss Dividends Change in accounting principles Error corrections Chapter 4-38 LO Prepare a retained earnings ... items that cannot be measured reliably Income is affected by the accounting methods employed Income measurement involves judgment Chapter 4-5 LO Understand the uses and limitations...

Ngày tải lên: 05/04/2017, 15:42

... Current liability Chapter 5-28 LO Identify the major classifications of the balance sheet Balance Balance Sheet Sheet Format Format Classified Balance Sheet Account form Report form Accounting Trends ... account titles and amounts presented in the balance sheet: Contingencies Accounting Policies Contractual Situations Fair Values Chapter 5-30 LO Determine which balance sheet informat...

Ngày tải lên: 05/04/2017, 15:43

... 4% 6% 10 2.04000 4.24646 6.63298 9.21423 12. 0061 1 2 .060 00 4.37462 6.97532 9.89747 13.18079 $20,000 Deposit Chapter 6-34 x Discount Rate 8% 2.08000 4. 5061 1 7.33592 10.63663 14.48656 12.29969 Factor ... 10 2.04000 4.24646 6.63298 9.21423 12. 0061 1 2 .060 00 4.37462 6.97532 9.89747 13.18079 12.29969 $20,000 Chapter 6-38 Deposit x x Discount Rate 8% 2.08000 4. 5061 1 7.33592 10.63663 1...

Ngày tải lên: 05/04/2017, 15:43

... the accounting accounting records records Customers Customers are are billed billed net net of of discounts discounts Chapter 7-11 10 % Discount for new Retail Store Customers LO Explain accounting ... amount of the discount is not usually material Chapter 7-16 LO Explain accounting issues related to recognition of accounts receivable Accounting Accounting for for Accounts Account...

Ngày tải lên: 05/04/2017, 15:43

... process Finished goods Chapter 8-6 LO Identify major classifications of inventory Inventory Inventory Classification Classification and and Systems Systems Flow of Costs Chapter 8-7 Illustration ... Approach Inventory Classification and Control Classification Control Basic inventory valuation issues Chapter 8-3 Physical Goods Included in Inventory Goods in transit Consigned goods Speci...

Ngày tải lên: 05/04/2017, 15:43

... current period Chapter 9-7 LO Describe and apply the lower-of-cost-or-market rule Lower-of-Cost-or-Market Lower-of-Cost-or-Market How LCM Works (Individual Items) Illustration 9-5 Chapter 9-8 LO ... recognize losses in the period during which such declines in market prices take place Chapter 9-22 LO Discuss accounting issues related to purchase commitments Gross Gross Profit Profit...

Ngày tải lên: 05/04/2017, 15:43

... expenditures Chapter 10- 17 $100 ,000 150,000 300,000 100 ,000 $650,000 Other general debt existing on Jan 1, 2005: $500,000, 14%, 10- year bonds payable $300,000, 10% , 5-year note payable LO Describe the accounting ... of the transaction) Chapter 10- 25 LO Understand accounting issues related to acquiring and valuing plant assets Valuation Valuation Accounting for Exchanges...

Ngày tải lên: 05/04/2017, 15:43

... cash flows Chapter 11- 19 LO Explain the accounting issues related to asset impairment Impairments Impairments Illustration 11- 16 Accounting for Impairments Chapter 11- 20 LO Explain the accounting ... $ 11, 790 42,444 25,466 15,280 9,168 852 $ 105,000 Accum Deprec $ 11, 790 54,234 79,700 94,980 104,148 105,000 Journal entry: 2007 Depreciation expense 11, 790 Accumultated de...

Ngày tải lên: 05/04/2017, 15:43

... possible Remote Chapter 13- 32 LO Identify the criteria used to account for and disclose gain and loss contingencies Loss Loss Contingencies Contingencies Chapter 13- 33 Probability Accounting Probable ... the company must record an expense Chapter 13- 37 LO Explain the accounting for different types of loss contingencies Loss Loss Contingencies Contingencies BE13 -13 Frantic...

Ngày tải lên: 05/04/2017, 15:44

... 3,813 50,000 3,813 ($31,776 x 12%) Chapter 14- 31 LO Explain the accounting for long-term notes payable Interest-Bearing Interest-Bearing Notes Notes BE14 -14 Larry Byrd Corporation issued a 4-year, ... 2007: 1/1/07 Cash Bonds payable 100,000 12/31/07 Interest expense Cash 8,000 Chapter 14- 14 100,000 8,000 LO Describe the accounting valuation for bonds at date of issuance Bonds...

Ngày tải lên: 05/04/2017, 15:44