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Class Notes for Marla Spergel

RYERSONACC 110Marla SpergelFall

ACC 110 Lecture Notes - Net Income, Consignee, Profit Margin

OC4402526 Page
6 Oct 2012
43
Income measurement and the objectives of financial reporting. E4-1: employee wages of employees actually making the candy would be a product cost becau
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RYERSONACC 110Marla SpergelFall

ACC 110 Lecture Notes - Net Income, Human Capital, 6 Years

OC4402534 Page
6 Oct 2012
46
Gst paid for assets used for commercial activities are recoverable by an input tax credit. *it"s assumed everything was paid in cash; other assumptions
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RYERSONACC 110Marla SpergelFall

ACC 110 Lecture Notes - Earnings Management, Accrual, Share Capital

OC4402522 Page
6 Oct 2012
27
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RYERSONACC 110Marla SpergelFall

ACC 110 Lecture Notes - Net Income, Quick Ratio, Perpetual Inventory

OC4402521 Page
6 Oct 2012
28
The inventory on the december 31, 2014 balance sheet is overstated by ,000 and on the income statement cost of goods sold will be understated by ,000 a
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RYERSONACC 110Marla SpergelFall

ACC 110 Lecture Notes - Current Liability, Net Income, Capital Structure

OC4402526 Page
6 Oct 2012
30
To record the issue of 500,000 common shares (500,000 shares per share = ,000,000) b. No journal entry is required for a stock split. c. 27,500,000 (2
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RYERSONACC 110Marla SpergelFall

Analyzing Cases ACC110.doc

OC440252 Page
6 Oct 2012
32
There is an excellent portion of the textbook that does this titled solving accounting. In addition, students are encouraged to view the solved problem
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RYERSONACC 110Marla SpergelFall

ACC 110 Lecture Notes - Union Dues, Contingent Liability, Capital Structure

OC4402529 Page
6 Oct 2012
20
To record the bank loan: dr. building (a+) To record the mortgage payment: dr. cash (a+) To record repayment and interest for the short-term loan. The
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RYERSONACC 110Marla SpergelFall

ACC 110 Lecture Notes - Income Statement, Kynoch, Write-Off

OC440259 Page
6 Oct 2012
30
E11-1. a: the investor has control (owning more than 50%) over the investee corporation. Therefore, consolidated financial statements should be prepare
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RYERSONACC 110Marla SpergelFall

ACC 110 Lecture Notes - Financial Statement, Current Asset, Phidias

OC4402517 Page
6 Oct 2012
27
Cash flow, profitability, and the cash flow statement. E5-1: payables deferral period (goods received - suppliers paid, inventory self-financing period
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RYERSONACC 110Marla SpergelFall

ACC 110 Lecture Notes - Cash Flow Statement

OC440252 Page
6 Oct 2012
46
Preparing the cash flows from operating activities section of the cash flow statement. Step 2 add and/or subtract any non-cash items, likely depreciati
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RYERSONACC 110Marla SpergelFall

ACC 110 Lecture Notes - 0 (Year), Income Tax, Cash Flow

OC4402553 Page
6 Oct 2012
29
E3 1: adjusting entry b, no entry or adjusting (allowed by ifrs, adjusting entry, no entry f, adjusting entry h. i. j, no entry transactional entry tra
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RYERSONACC 110Marla SpergelFall

ACC 110 Lecture Notes - Earthbound

OC440251 Page
3 Oct 2012
82
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