Accounting principles 10e by kieso chapter 16

... Illustration 16- 1 Temporary investments and the operating cycle 16- 2 LO Why Corporations Invest Question Pension funds and banks regularly invest in debt and stock securities to: 16- 3 a house ... brokerage fees (commissions), if any 16- 4 LO Accounting for Debt Investments RECORDING BOND INTEREST Calculate and record interest revenue based upon the 16- 5  carrying value of the bond...

Ngày tải lên: 12/05/2017, 11:46

... long-term investments Chapter 16- 2 Long-Term Long-Term Liabilities Liabilities Why Corporations Invest Cash management Investment income Strategic reasons Chapter 16- 3 Accounting for Debt Investments ... rate times the portion of the year the bond is outstanding Chapter 16- 6 SO Explain the accounting for debt investments Accounting Accounting for for Debt Debt Investments In...

Ngày tải lên: 13/05/2017, 10:22

... method EXERCISES Item E16-120 E16-121 E16-122 E16-123 E16-124 E16-125 E16-126 E16-127 *E16-128 Description Convertible bonds Convertible bonds (essay) Convertible debt and debt with warrants (essay) ... treasury stock method 16 - To download more slides, ebook, solutions and test bank, visit http://downloadslide.blogspot.com Test Bank for Intermediate Accounting, Twelfth Edition...

Ngày tải lên: 11/04/2017, 15:12

... DEPS with convertible securities Effect of dividends on nonconvertible preferred stock "If converted" method EXERCISES Item E16-135 E16-136 E16-137 E16-138 E16-139 E16-140 E16-141 E16-142 *E16-143 ... options, which therefore were forfeited To download more slides, ebook, solutions and test bank, visit http://downloadslide.blogspot.com 16 - 42 Test Bank for Intermediate Accou...

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Ngày tải lên: 03/04/2017, 16:06

... 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