Intermediate Accounting

Deflation of consistency (vs.. Comparability) 2. Relevance vs.. Faithful representation a. Investors motive information right now 3. Calculate net assets 4. Adjusting entries relate to postpaid Insurance 5. Fundamental qualities of useful accounting information a. Chart In runner chapters that has relevance, neutrality, etc. 6. Costs that ar expensed vs.. Costs that are capitalized for internally created Intangible assets a. What did we do with R&D costs? 7. Calculate dower and number of distributor points for quarterly compounding interest a.Time protect of money . Straight-line depreciation a. For an asset that originally had a nine year useful purport and decided later that it only had 5 year useful life. transplant the depreciation expense 9. Under which cash in flows statement category plastered satellites fall a. Investing, Financing, or Operating? 10. Review the impart problem related to lump-sum purchases a. Look back at chapter with example about buying a huge tract of land, then land was divided, had to allocate cost of the land. B. Boxes are yellow 11. Calculate goodwill a. Purchase price fair value market of the net assets 12.Calculate depletion . Like depreciation, except for natural resources 13. Ordinary 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 treasury stock be reported? A. On the balance tabloid under stockholders equity 15. Bank reconciliation (compute the correct cash balance) 16. reckon ending balance In adaption for unconvertible accounts minded(p) the dowry of receivables method is used a. Calculate the ending balance in allowance for doubtful accounts 17. Diagram depiction of TV concept a. Chart is given b.Present value of an annuity due, present value of an ordinary annuity? 18. gross recognition magazine subscriptions a. When do we recognize gross? B. We recognize revenue when we earn it 19. detect selling expens e 20. rate the floor when put one over lower-of-cost-or-market 21 . Compute double-declining balance depreciation expense 22. Impairment of workry 23. Land vs.. Land Improvements receivable gross method (vs.. Net method) 26. Compute one-year 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 type of intangible is recoverability test used? 29. Events that have no lay out on net income 30. Capitalization vs.. Expense of expenditures related to a machine 31 . Ingredients of relevance 32. Major distinction between FAST and APP 33. entree to write off unconvertible accounts using the allowance method 34. ledger entry related to unearned revenue 35. What is consigned inventory 36. Accounting for goods in transit purchased f. O. B destination/f. O. B shipping point 37. Compute PEPS 38. Common stock issued to buy machine how does this affect sta tement 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 inventory valuation methods from year to year? 43. Characteristics of a continual inventory system 44. Capitalized costs of self-constructed assets 45. Compute net accounts receivable 46. Identify cash and cash equivalents 47. Primary users of general-purpose financial statements 48. Characteristics of plant assets 49. Examples of downward(prenominal) earnings management 50. Calculate goodwill