Tài liệu Khối Ngành Kinh Tế

Discuss the characteristics of the corporate form of organization. Identify the key components of equity. Explain the accounting procedures for issuing shares. Describe the accounting for treasury shares. Explain the accounting for and reporting of preference shares. Describe the policies used in distributing dividends. Identify the various f...

79 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 639 | Lượt tải: 0

Posting is simplified using the Sales journal. Money columns are pencil-footed and the totals are posted to the appropriate accounts. The single posting to each account saves time and reduces the possibility of error.

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Kuhl Corporation acquires 50 Doan Inc. 8%, 10-year, $1,000 bonds on January 1, 2017, for $50,000. The bonds pay interest annually on January 1. If Kuhl Corporation’s fiscal year ends on December 31, prepare the entry to accrue interest earned by December 31.

39 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 537 | Lượt tải: 0

Cash is debited in the amount of $291. Sales Discount is debited in the amount of $9. Accounts receivable is credited in the full amount of $300.

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Interest Rate Stated, coupon, or nominal rate = Rate written in the terms of the bond indenture. Bond issuer sets this rate. Stated as a percentage of bond face value (par). Market rate or effective yield = Rate that provides an acceptable return commensurate with the issuer’s risk. Rate of interest actually earned by the bondholders.

94 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 564 | Lượt tải: 0

Bond investors will pay the seller the interest accrued from the last interest payment date to the date of issue. On the next semiannual interest payment date, bond investors will receive the full six months’ interest payment. Illustration: on March 1, 2012, Taft Corporation issues 10-year bonds, dated January 1, 2012, with a par value of $800,0...

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“Copyright © 2016 John Wiley & Sons, Inc. All rights reserved. Reproduction or translation of this work beyond that permitted in Section 117 of the 1976 United States Copyright Act without the express written permission of the copyright owner is unlawful. Request for further information should be addressed to the Permissions Department, John Wiley ...

44 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 815 | Lượt tải: 0

Interest-Bearing Note Issued If Landscape prepares financial statements semiannually, it makes the following adjusting entry to recognize interest expense and interest payable at June 30, 2015:

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Be careful to record only purchases of merchandise for resale in the Merchandise Purchases account. Purchases of permanent assets, such as computers, copiers, and delivery equipment should be debited to the appropriate asset account and credited to Cash or Accounts Payable.

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More Frequent Ups and Downs In the past, U.S. companies used a method to account for their pension plans that smoothed out the gains and losses on their pension portfolios by spreading gains and losses over multiple years. Many felt that this approach was beneficial because it reduced the volatility of reported net income. However, recently some c...

72 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 605 | Lượt tải: 0