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Accounting Exam Notes on Powerpoint.docx

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Department
Administration
Course
ADM1340
Professor
Breid Mc Ilkenny
Semester
Winter

Description
Single Step IncomeRevenueService Revenue Expenses COGS Freight Loss on sale Profit before tax Income Tax Expense Profit Cash LiabilitiesShort term investments Bank indebtednessAccounts ReceivableAccount payableAccrued ReceivablesSalary payMerchandise InventoryInterest payablePrepaid InsuranceIncome payableEquipmentUnearned revenueTotal AssetsShareholders Equity NonCurrent Assets Common Shares InvestmentRetained EarningsProperty Plant Equipment IntangibleGoodwillTotal Liabilities Shareholders Equity Other AssetsIntangibleBroadcast right Spectrum LicenseGoodwillOther intangibles Cash Flow StatementClassificationsOperating activities AssetsCurrent asset Cash receipts from operating activitiesInvestmentCash payments for operating activities Property plant equipmentIntangible assetInvesting ActivitiesGoodwill Purchase equipmentLiabilitiesShareholders Equity Financing activities Current liabilities Issue of common sharesNoncurren liabilities Issue of note payable Shareholders equity Payment of dividendshare capitalretained earningsNet increase in cashCash beginning of the monthCash end of the month
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