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ASUACC 231Tait RuddSpring

ACC 231 Study Guide - Final Guide: Issued Shares, Financial Statement, Financial Analysis

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Recording a transaction: a t-account is a way to keep track of the activity and balance in an account. When do we record revenues/expenses under accrua
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ASUACC 231Tait RuddSpring

ACC 231 Lecture Notes - Lecture 21: Financial Statement, Financial Analysis, Income Statement

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Financial analysis is the process of using a business"s financial statements, and other related information, to evaluate whether a business is creating
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ASUACC 231Tait RuddSpring

ACC 231 Lecture Notes - Lecture 20: Stock Split, Dividend, Retained Earnings

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Similar to a loan in that payments are specified but no rights to ownership. For example if a shareholder owns . 5% of the outstanding stock, if the co
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ASUACC 231Tait RuddSpring

ACC 231 Lecture Notes - Lecture 16: Food Truck, Natural Disaster

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Choose an allocation method that mimics the nature of the asset. Straight line if service provided evenly over time (building) Units of production if s
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ASUACC 231Tait RuddSpring

ACC 231 Lecture Notes - Lecture 18: Retained Earnings, Underwriting, Authorised Capital

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Becoming a corporation: file articles of incorporation with the state, nature of the firm"s business, # of shares of stock to be issued, list initial b
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ASUACC 231Tait RuddSpring

ACC 231 Lecture Notes - Lecture 24: Financial Statement, Private Equity, Financial Accounting Standards Board

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ASUACC 231Tait RuddSpring

ACC 231 Lecture Notes - Lecture 15: Amortization Schedule

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An asset that will be used for more than a year. Fixed assets - have physical substance: land, buildings, fixtures, equipment. Intangible assets have n
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ASUACC 231Tait RuddSpring

ACC 231 Lecture Notes - Lecture 23: Net Income, Treasury Stock, Cash Flow

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How much have owners invested in the company (common stock, preferred stock, paid in capital-common, paid in capital-preferred) Stockholder"s equity-3
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ASUACC 231Tait RuddSpring

ACC 231 Lecture Notes - Lecture 17: Financial Institution, Accrued Interest, Promissory Note

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Bonds-sometimes a firm (or government) needs to borrow more money than one financial institution can loan. The firm will sell bonds to the public. 1)a
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ASUACC 231Tait RuddSpring

ACC 231- Final Exam Guide - Comprehensive Notes for the exam ( 42 pages long!)

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Goal is for expenses to equal the revenues (usually gifts from donors). All of the money earned or donated to a. Nfp is used to purse the organizations
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ASUACC 231Tait RuddSpring

ACC 231- Final Exam Guide - Comprehensive Notes for the exam ( 42 pages long!)

OC53748842 Page
0
Goal is for expenses to equal the revenues (usually gifts from donors). All of the money earned or donated to a. Nfp is used to purse the organizations
View Document
ASUACC 231Tait RuddSpring

ACC 231 Study Guide - Final Guide: Issued Shares, Financial Statement, Financial Analysis

OC5374886 Page
0
Recording a transaction: a t-account is a way to keep track of the activity and balance in an account. When do we record revenues/expenses under accrua
View Document
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