(Beginning Inventory + Purchases of Merchandise during the Year) – Ending Inventory Raw Materials, Work in Process, and Finished Goods no assets are pledged as guarantee of repayment at maturity The chance that the future event or events will occur is more than remote but less than likely that is disclosed on the footnote but not on the balance sheet Book Value > Cash Paid to Retire Bonds (Cost – Accumulated Depreciation) * (2/Useful Life) DR: Bad Debt Expense, CR: Allowance for Doubtful Accounts title of goods changes hands on delivery (company takes responsibility until the end of the journey) The chance that the future event or events will occur is slight that will not be recorded on the footnote or balance sheet rate set by markets at the time of issuance (Cost – Residual Value) * (1/ Useful Life) equals the amount by which the purchase price exceeds fair market value of net assets acquired physical substance that includes land, buildings, equipment, etc. Book Value < Cash Paid to Retire Bonds Principal * Annual Interest Rate* (Number of Months/ 12 months) Sales Revenue – Credit Card and Sales Discount – Sales Returns and Allowances DR: Cash, CR: Bond Premium, Bonds Payable DR: Interest Expense, CR: Bond Discount, Cash Current Assets - Current Liabilities no physical substance that includes patents, copyrights, goodwill, etc. : occurs when one company buys another company DR: allowance for doubtful accounts, CR: accounts receivable annual interest rate paid title of goods changes hands at the shipping date (takes responsibility at the start of the journey) No up-to-date record of inventory is maintained during the year series of consecutive, equal, periodic payments purchase transactions are recorded directly in an inventory account inventory method ends up with least income tax expensed in the period incurred The chance that the future event or events will occur is high that appears as a liability on the Balance Sheet added to the asset account (capitalize) ((Cost – Residual Value) / Estimated Total Production) * Actual Production Inventory method ends up with a higher net income DR: Accounts Receivable, CR: Allowance for Doubtful Accounts; DR: Cash, CR: Accounts Receivable (Beginning Inventory + Purchases of Merchandise during the Year) – Ending Inventory Raw Materials, Work in Process, and Finished Goods no assets are pledged as guarantee of repayment at maturity The chance that the future event or events will occur is more than remote but less than likely that is disclosed on the footnote but not on the balance sheet Book Value > Cash Paid to Retire Bonds (Cost – Accumulated Depreciation) * (2/Useful Life) DR: Bad Debt Expense, CR: Allowance for Doubtful Accounts title of goods changes hands on delivery (company takes responsibility until the end of the journey) The chance that the future event or events will occur is slight that will not be recorded on the footnote or balance sheet rate set by markets at the time of issuance (Cost – Residual Value) * (1/ Useful Life) equals the amount by which the purchase price exceeds fair market value of net assets acquired physical substance that includes land, buildings, equipment, etc. Book Value < Cash Paid to Retire Bonds Principal * Annual Interest Rate* (Number of Months/ 12 months) Sales Revenue – Credit Card and Sales Discount – Sales Returns and Allowances DR: Cash, CR: Bond Premium, Bonds Payable DR: Interest Expense, CR: Bond Discount, Cash Current Assets - Current Liabilities no physical substance that includes patents, copyrights, goodwill, etc. : occurs when one company buys another company DR: allowance for doubtful accounts, CR: accounts receivable annual interest rate paid title of goods changes hands at the shipping date (takes responsibility at the start of the journey) No up-to-date record of inventory is maintained during the year series of consecutive, equal, periodic payments purchase transactions are recorded directly in an inventory account inventory method ends up with least income tax expensed in the period incurred The chance that the future event or events will occur is high that appears as a liability on the Balance Sheet added to the asset account (capitalize) ((Cost – Residual Value) / Estimated Total Production) * Actual Production Inventory method ends up with a higher net income DR: Accounts Receivable, CR: Allowance for Doubtful Accounts; DR: Cash, CR: Accounts Receivable
(Print)
(Beginning Inventory + Purchases of Merchandise during the Year) – Ending Inventory
Raw Materials, Work in Process, and Finished Goods
no assets are pledged as guarantee of repayment at maturity
The chance that the future event or events will occur is more than remote but less than likely that is disclosed on the footnote but not on the balance sheet
Book Value > Cash Paid to Retire Bonds
(Cost – Accumulated Depreciation) * (2/Useful Life)
DR: Bad Debt Expense, CR: Allowance for Doubtful Accounts
title of goods changes hands on delivery (company takes responsibility until the end of the journey)
The chance that the future event or events will occur is slight that will not be recorded on the footnote or balance sheet
rate set by markets at the time of issuance
(Cost – Residual Value) * (1/ Useful Life)
equals the amount by which the purchase price exceeds fair market value of net assets acquired
physical substance that includes land, buildings, equipment, etc.
Book Value < Cash Paid to Retire Bonds
Principal * Annual Interest Rate* (Number of Months/ 12 months)
Sales Revenue – Credit Card and Sales Discount – Sales Returns and Allowances
DR: Cash, CR: Bond Premium, Bonds Payable
DR: Interest Expense, CR: Bond Discount, Cash
Current Assets - Current Liabilities
no physical substance that includes patents, copyrights, goodwill, etc.
: occurs when one company buys another company
DR: allowance for doubtful accounts, CR: accounts receivable
annual interest rate paid
title of goods changes hands at the shipping date (takes responsibility at the start of the journey)
No up-to-date record of inventory is maintained during the year
series of consecutive, equal, periodic payments
purchase transactions are recorded directly in an inventory account
inventory method ends up with least income tax
expensed in the period incurred
The chance that the future event or events will occur is high that appears as a liability on the Balance Sheet
added to the asset account (capitalize)
((Cost – Residual Value) / Estimated Total Production) * Actual Production
Inventory method ends up with a higher net income
DR: Accounts Receivable, CR: Allowance for Doubtful Accounts; DR: Cash, CR: Accounts Receivable
