Accounting principles 10e by kieso chapter 15

... borrowing 15- 19 LO Issuing Bonds at a Discount Total Cost of Borrowing Illustration 15- 6 OR 15- 20 Illustration 15- 7 LO Issuing Bonds at a Discount Illustration 15- 8 Amortization of bond discount 15- 21 ... borrowing 15- 24 LO Issuing Bonds at a Premium Total Cost of Borrowing Illustration 15- 10 OR 15- 25 Illustration 15- 11 LO Issuing Bonds at a Premium Illustration 15- 12 Am...

Ngày tải lên: 12/05/2017, 11:45

... capitalized) Statement of Financial Accounting Standard No 13, for Leases,” 1976 Chapter 15- 39 Accounting SO Contrast the accounting for operating and capital leases Accounting Accounting for for Other ... the market rate of the bond Chapter 15- 12 SO Explain why bonds are issued Accounting Accounting for for Bond Bond Issues Issues Assume Contractual Rate of 8% Chapter 15-...

Ngày tải lên: 13/05/2017, 10:22

... dividend to common and preferred shares EXERCISES Item E15-131 E15-132 E15-133 E15-134 E15-135 E15-136 E15-137 E15-138 E15-139 *E15-140 *E15-141 Description Lump sum issuance of stock Treasury ... cumulative preferred shares 15 - To download more slides, ebook, solutions and test bank, visit http://downloadslide.blogspot.com 15 - Test Bank for Intermediate Accounting, Fourteenth...

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... in cash Illustration 9-1 Receivables as a percentage of assets 9-3 LO Types of Receivables Three accounting issues: Recognizing accounts receivable Valuing accounts receivable Disposing of accounts ... Companies record credit losses as debits to Bad Debt Expense LO Valuing Accounts Receivable Methods of Accounting for Uncollectible Accounts Direct Write-Off Theoretically undesirable: 9-10...

Ngày tải lên: 12/05/2017, 11:44

... Cash Flows Note Disclosure Generally Accepted Accounting Principles (GAAP) LO Generally Accepted Accounting Principles Generally Accepted Accounting Principles (GAAP) – Standards that are generally ... 5.Managerial accounting activities focus on reports for internal users Solution: 1-7 1.True 2.False 3.False 4.False 5.True LO LEARNING OBJECTIVE Explain the building blocks of ac...

Ngày tải lên: 12/05/2017, 11:44

... PROCEDURES Double-entry system  Each transaction must affect two or more accounts to keep the basic accounting equation in balance 2-3  Recording done by debiting at least one account and crediting ... hair salon to be called “Hair It Is.” A friend has advised Kate to set up a double-entry set of accounting records in which to record all of her business transactions Identify the balance...

Ngày tải lên: 12/05/2017, 11:44

... than when paid) In 3-5 accordance with generally accepted accounting principles (GAAP) LO Accrual- versus Cash-Basis Accounting Cash-Basis Accounting 3-6  Revenues recognized when cash is received ... Cash-basis accounting is not in accordance with generally accepted accounting principles (GAAP) LO Recognizing Revenues and Expenses REVENUE RECOGNITION PRINCIPLE Recognize reven...

Ngày tải lên: 12/05/2017, 11:44

... detailed records of the goods on hand Cost of goods sold determined by count at the end of the accounting period Calculation of Cost of Goods Sold: Beginning inventory $ 100,000 Add: Purchases, ... Accounts Receivable 200 Inventory 5-37 200 30 Cost of LO LEARNING OBJECTIVE Apply the steps in the accounting cycle to a merchandising company Adjusting Entries Generally the same as a servi...

Ngày tải lên: 12/05/2017, 11:44

... often “take inventory”  when the business is closed or business is slow  6-5 at the end of the accounting period LO 6-6 LO Determining Inventory Quantities DETERMINING OWNERSHIP OF GOODS GOODS ... in ending inventory of the current period will have a reverse effect on net income of the next accounting period 6-39  Over the two years, the total net income is correct because the errors ....

Ngày tải lên: 12/05/2017, 11:44

... Manual Accounting Systems Perform each step in the accounting cycle by hand Satisfactory with a low volume of transactions Must understand manual accounting systems to understand computerized accounting ... overall conceptual framework for establishing accounting standards In addition, high-quality international accounting requires both high-quality accounting standards and h...

Ngày tải lên: 12/05/2017, 11:45

... created the Public Company Accounting Oversight Board (PCAOB) LO Internal Control Methods and measures adopted to: 8-4 ● Safeguard assets ● Enhance the reliability of accounting records ● Increase ... documents should be accounted for  Employees should promptly forward source documents for accounting entries to the accounting department 8-12 LO ANATOMY OF A FRAUD To support their rei...

Ngày tải lên: 12/05/2017, 11:45