ACC 101 Lecture Notes - Lecture 15: Gross Margin, Debits And Credits, Income Statement

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Final exam will consist of multiple-choice questions and problems. For each chapter review: class handouts and slides, exercises done in class, homework, cengagenow quizzes, pre-tests, and lab materials. You need to be able to find proper data if given a set of financial statements (data pertaining to e. g. cash, ar, Allowance for uncollectible accounts, inventories, investments, ppe, intangible assets, uncollectible accounts. Expense, depreciation expense, amortization expense) like we did it in class or like the problems you solved in the labs. Material we discussed in class is fair to appear on the midterm/final. Final will focus on second half of course, chapters 5-10 and appendix b. However, since these chapters use a number of terms and concepts covered in the first half of the course make sure you"re familiar with the accounting. Freight in: the shipping cost to be paid by the buyer of merchandise purchased when the terms are.

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