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Textbook Notes for MGT 11A at University of California - Davis (UC-DAVIS)

UC-DAVISMGT 11AJohn HancockFall

MGT 11A Chapter 8: CHAPTER 8 - pt 3

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7 Jan 2019
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Discarding plant assets: no longer useful to the company and has no market value. Consider equipment costing ,000 with accumulated depreciation of ,000
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UC-DAVISMGT 11AJohn HancockFall

MGT 11A Chapter 9: CHAPTER 9 - pt 1

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7 Jan 2019
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Known liabilities: measurable obligations arising from agreements, contracts, or laws. Ex: accounts payable, notes payable, payroll obligations, sales
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UC-DAVISMGT 11AJohn HancockFall

MGT 11A Chapter 12: CHAPTER 12 - pt 5

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7 Jan 2019
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UC-DAVISMGT 11AJohn Hancock Fall

MGT 11A Chapter 1: Introducing Financial Statements

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30 Sep 2018
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UC-DAVISMGT 11AJohn HancockFall

MGT 11A Chapter 9: CHAPTER 9 - pt 3

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7 Jan 2019
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Employer must pay payroll taxes in addition to those required of employees. Employer fica tax: employers must pay fica taxes on their payroll. An emplo
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UC-DAVISMGT 11AJohn HancockFall

MGT 11A Chapter 4: CHAPTER 4

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7 Jan 2019
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Merchandise: products that a company buys to resell. Merchandiser: earns net income by buying and selling merchandise. Wholesalers: buys products from
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UC-DAVISMGT 11AJohn HancockFall

MGT 11A Chapter 3: CHAPTER 3- part 1

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7 Jan 2019
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To provide timely info, accounting systems prepare reports at regular intervals. Most orgs use a year as their primary accounting period. Annual financ
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UC-DAVISMGT 11AJohn HancockFall

MGT 11A Chapter Notes - Chapter 1: Financial Accounting Standards Board, International Accounting Standards Board, International Financial Reporting Standards

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7 Jan 2019
0
Identifying (select transactions and events) -> recording (input, measure, and log) -> Financial accounting: serves external users by providing general
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