ACCT 1220- Final Exam Guide - Comprehensive Notes for the exam ( 106 pages long!)
30 Nov 2017
School
Department
Course
Professor
Document Summary
Sept 8 - purpose and use of nancial statements. Sept 15 - a further look at nancial statements. November 24 - further look at nancial statements. Look at accounting info to decide wether they should sell their shares or keep their shares. Friday, september 8, 2017 only have access to whats to provided to the general public. Bank loans, lone-term debt (mortages, bonds, nance leases) Classify each of the following selected accounts by writing in the number of its appropriate classi cation above: (a)____1____accounts receivable (b)___4_____ accumulated depreciation 2 (c)___4_____bank indebtedness (d)____5____bank loan payable, due in three years (e)___1_____cash. Friday, september 8, 2017 (f)_______common shares 6 (g)__2______equipment (h)___3_____goodwill. Cant just buy for company price, pay for more (when buying dior perfume, not just paying for perfume pay for brand) Friday, september 8, 2017 using the nancial statements: Sale of equipment that the company has finished using. Payment of interest on money borrowed from bank.
