Intermediate Accounting

Deflation of consistency (vs.. Comparability) 2. Relevance vs.. secretive representation a. Investors want information set now 3. Calculate win assets 4. Adjusting entries link up to Prepaid Insurance 5. Fundamental qualities of serviceable accounting information a. Chart In starting time chapters that has relevance, neutrality, etc. 6. Costs that be outgod vs.. Costs that are capitalized for Internally created impalpable assets a. What did we do with R&D be? 7. Calculate ploughshare and number of periods for quarterly compounding interest a.Time value of notes . Straight-line depreciation a. For an asset that originally had a nine year useful disembodied spirit and decided later that it only had 5 year useful life. Change the depreciation write off 9. Under which funds flows affirmation category certain satellites fall a. Investing, Financing, or Operating? 10. Review the Land line of work related to lump-sum purchases a. Look back at chapter with example about p erverting a huge tract of bring in, then land was divided, had to allocate cost of the land. B. Boxes are lily-livered 11. Calculate goodwill a. Purchase toll fair value market of the kale assets 12.Calculate depletion . Like depreciation, except for natural resources 13. usual annuity vs.. Annuity due a. ordinary annuity happens at the end of a period b. Annuity due happens at the beginning of a period 14. Where should exchequer stock be reported? A. On the balance sheet under stockholders fairness 15. Bank reconciliation (compute the correct hard cash balance) 16. look coating balance In allowance for unconvertible accounts effrontery the percentage of receivables method is used a. Calculate the ending balance in allowance for obscure accounts 17. Diagram depiction of TV conception a. Chart is given b.Present value of an annuity due, present value of an ordinary annuity? 18. Revenue recognition magazine subscriptions a. When do we recognize revenue enhancement? B. W e recognize revenue when we earn it 19. pose selling expense 20. cypher the floor when apply lower-of-cost-or-market 21 . Compute double-declining balance depreciation expense 22. Impairment of machinery 23. Land vs.. Land Improvements receivable gross method (vs.. Net method) 26. Compute annual insurance expense given premiums paid and prepaid insurance beginning and ending balances 27. Yield from various compounding interest approaches (yearly vs.. Monthly vs.. Weekly) 28. On what flake of intangible is recoverability test used? 29. Events that overhear no effect on net income 30. Capitalization vs.. Expense of expenditures related to a machine 31 . Ingredients of relevance 32. major(ip) distinction between FAST and APP 33. innovation to write off unconvertible accounts utilise the allowance method 34. Journal launch related to unearned revenue 35. What is consigned stocktaking 36. Accounting for goods in transit purchased f. O. B destination/f. O. B shipping top 37. Comp ute PEPS 38. Common stock issued to buy machine how does this affect statement of cash lows 39.Why use accrual accounting? 40. publicly traded companies submit financial statements to whom? 41 . Compute net realizable value 42. What principle is violated when a company switches gillyflower valuation methods from year to year? 43. Characteristics of a perpetual inventory system 44. Capitalized cost of self-constructed assets 45. Compute net accounts receivable 46. Identify cash and cash equivalents 47. Primary users of general financial statements 48. Characteristics of plant assets 49. Examples of downward compensation management 50. Calculate goodwill