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Class Notes for ACT 2200 at Nova Southeastern University (NSU)

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NSUACT 2200Tworoger EmilySpring

ACT 2200 Lecture Notes - Lecture 10: Dividend, Preferred Stock, Retained Earnings

OC17692526 Page
29 May 2017
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NSUACT 2200Tworoger EmilySpring

ACT 2200 Lecture Notes - Lecture 6: Petty Cash, Bank Reconciliation, Administrative Controls

OC176925212 Page
29 May 2017
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A process for assuring achievement of an organization"s objectives in operational effectiveness and efficiency, reliable financial reporting, and compl
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NSUACT 2200Tworoger EmilySpring

ACT 2200 Lecture Notes - Lecture 7: Net Income, Profit Margin, Intangible Asset

OC176925213 Page
29 May 2017
0
Allocates a higher depreciation in the earlier years of the asset"s life and lower depreciation in later years. A contra asset account representing the
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NSUACT 2200Tworoger EmilySpring

ACT 2200 Lecture Notes - Lecture 5: Accounting Equation, Promissory Note, Income Statement

OC176925215 Page
29 May 2017
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The amount of cash owed to the company by it"s customers from the sale of products or services on account. Using a higher percentage for old accounts t
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NSUACT 2200Tworoger EmilySpring

ACT 2200 Lecture Notes - Lecture 1: Common Stock, Certified Public Accountant, Cash Flow

OC17692529 Page
29 May 2017
0
Resources a stock or supply of money, materials, staff, and other assets that can be drawn on by a person or organization in order to function effectiv
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NSUACT 2200Tworoger EmilySpring

ACT 2200 Lecture Notes - Lecture 9: Operating Lease, Title Insurance, Profit Margin

OC176925215 Page
29 May 2017
0
Set 9: tangible resources such as land and depreciable property--buildings, machinery, vehicles and furniture, which are used in the business (rather h
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NSUACT 2200Tworoger EmilySpring

ACT 2200 Lecture Notes - Lecture 3: General Ledger, Income Statement, Promissory Note

OC176925216 Page
29 May 2017
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It"s only logical, then, that in the same period we should also record all expenses incurred to generate that revenue. The result is a measure net inco
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NSUACT 2200Tworoger EmilySpring

ACT 2200 Lecture Notes - Lecture 4: Financial Statement, List Of The Shield Episodes, Public Company Accounting Oversight Board

OC176925212 Page
29 May 2017
0
Currency, coins, balances in savings and checking accounts, items acceptable for deposit in these accounts (such as checks received from customers), an
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NSUACT 2200Tworoger EmilySpring

ACT 2200 Lecture Notes - Lecture 2: Accounting Equation, Balance Sheet, Trial Balance

OC17692526 Page
29 May 2017
0
Assets are resources owned or controlled by a company, and those resources have future expected benifits. Cash this account reflects the company"s cash
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NSUACT 2200Tworoger EmilySpring

ACT 2200 Lecture Notes - Lecture 8: Working Capital, Accounts Payable, Commercial Paper

OC176925213 Page
29 May 2017
0
Cash, current investments, and accounts receivable divided by current liabilities. Measures the availability of liquid current assets to pay current li
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