Business Administration 2257 Study Guide - Final Guide: Retained Earnings, Finance Lease, Accrued Interest

• School: Western University
• Department: Business Administration
• Course: Business Administration 2257
• Professor: Eleni Petrou

Document Summary

3) subtotal income summary, calculate/record tax- es: nibt is sum of 1) and 2) If tax is same as last year: tax amount/nibt = % Cr income tax x: close income summary to r/e. Table 2: annuity/ interest payments n = # of periods remaining in the lease i = interest rate/implicit rate. Interest calculated by net lease obligation * interest rate * n/12. Int payable at fye, and int expense when paid. b) preferred dividends in arrears. Once dividends are declared, calculate # of years in arrears. Calculate the # of common shares using the % given. Valuing the ending balance in wip: specific identification. 2) fifo (e/b valued at most recent purchase price) E/b = (25 x ) = : average cost (unit cost 3 decimals) (cid:2179)(cid:2157)(cid:2159)=(cid:2159)(cid:2171)(cid:2163)(cid:2157)(cid:2162)(cid:2175) (cid:2177)(cid:2157)(cid:2162)(cid:2175) (cid:2206) (cid:2161)|(cid:2158) (cid:4666)(cid:2177)(cid:2196)(cid:2202)(cid:2201)(cid:4667) E/b wip = prm + pdl + pfoh. Use proxies such as: machine hrs. , dl $,