Tài liệu Kế Toán - Kiểm Toán

A legal agreement that helps protect the lender if the borrower fails to make the required payments. Gives the lender the right to be paid out of the cash proceeds from the sale of the borrower’s assets specifically identified in the mortgage contract.

35 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 509 | Lượt tải: 0

Selling price of a bond issue is set by the supply and demand of buyers and sellers, relative risk, market conditions, and state of the economy.

75 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 546 | Lượt tải: 0

On January 19, a $1 per share cash dividend is declaredon Dana, Inc.’s 10,000 ordinary shares outstanding. Thedividend will be paid on March 19 to shareholders ofrecord on February 19. No entry required on February 19, the date of record. Record payment of cash to shareholders.

39 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 543 | Lượt tải: 0

BE13-6: Sports Pro Magazine sold 12,000 annual subscriptions on August 1, 2010, for $18 each. Prepare Sports Pro’s August 1, 2010, journal entry and the December 31, 2010, annual adjusting entry. Aug. 1 Cash 216,000 Unearned revenue 216,000 (12,000 x $18) Dec. 31 Unearned revenue 90,000 Subscription revenue 90,000 ($216,000 x 5/12 = $90,...

84 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 659 | Lượt tải: 0

In accounting for partnerships: Partners’ withdrawals are debited to their own separate withdrawals account. Partners’ capital accounts are credited (or debited) for their shares of net income (or net loss) when closing the accounts at the end of the period. Each partner’s withdrawal account is closed to that partner’s capital account. Separate ...

38 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 532 | Lượt tải: 0

Customer-Related Intangible Assets Examples: Customer lists, order or production backlogs, and both contractual and non-contractual customer relationships. Capitalize acquisition costs. Amortized to expense over useful life.

57 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 511 | Lượt tải: 0

Unearned Revenues from magazine subscriptions often cover more than one accounting period. A portion of the earned revenue is recognized each period and the Unearned Revenue account is reduced. Notes Payable often extend over more than one accounting period. A three-year note would be classified as a current liability for one year and a long-term ...

25 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 510 | Lượt tải: 0

How should companies compute depreciation for partial periods? Does depreciation provide for the replacement of assets? How should companies handle revisions in depreciation rates?

73 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 857 | Lượt tải: 0

Let’s return to our machinery and assume that at the beginning of the asset’s third year, its carrying amount is $6,400 ($10,000 cost less $3,600 accumulated depreciation using straight-line depreciation). At that time, it is determined that the machinery will have a remaining useful life of 4 years (instead of the previous estimate of 3 years), an...

48 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 573 | Lượt tải: 0

Illustration: Interstate Transportation Company exchanged a number of used trucks plus cash for a semi-truck. The used trucks have a combined book value of $42,000 (cost $64,000 less $22,000 accumulated depreciation). Interstate’s purchasing agent, experienced in the second-hand market, indicates that the used trucks have a fair market value of $49...

62 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 565 | Lượt tải: 0