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This 1 page Class Notes was uploaded by Tyrell Halvorson on Wednesday September 23, 2015. The Class Notes belongs to ACCT115 at Drexel University taught by Staff in Fall. Since its upload, it has received 6 views. For similar materials see /class/212552/acct115-drexel-university in Accounting at Drexel University.
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Date Created: 09/23/15
0 5quot E N H gt1 600 HHHHHHH SQVHgtWNE HH gt0 20 21 22 Review Chaps 10 12 amp 14 ACCT 115 Miller What distinguishes classification between a current and a noncurrent liability What are some of the common current and noncurrent liabilities How do you calculate interest expense on a standard lumpsum as opposed to installment note payable We learned how to do this back in Chap 4 Know how to amortize an installment note payable Do you know how to record payments on installment notes What is a bond What is the taxadvantage of bond financing There are two common situations we will see with bonds in this course Bond issued on the date they are dated and bonds that are issued m the date they are dated How do you account for them differently If a bond sells for 100 what does that mean If it sells for 95 106 What can we infer about the market rate of interest relative to the stated aka coupon nominal contract rate of interest under these circumstances Remember that interest expense is a function of how long the bonds are outstanding in any given time period but interest paid on the bonds will be a function of how many interest payments there were in any given period because most bonds pay interest only semiannually every six months What is a loss contingency Under what circumstances would a loss contingency be accrued What are the advantages and disadvantages of the corporate form of business p 510 What is the difference between common and preferred stock What are the common features of preferred stock How do you determine the legal capital of a corporation What is the total paidin capital of a corporation What does the cumulative feature of preferred stock mean How do you calculate the book value per share of common stock What is a stock split What is treasury stock How do you classify treasury stock on the financial statements What are the three special items see pp 558 amp 569 items that appear on the financial statements Which ones would appear on the income statement In what order would they appear What does net of tax mean What is the formula for calculating basic earnings per share EPS How do you calculate weighted average number of shares outstanding What is a cash dividend A stock dividend How does accounting for a small stock dividend differ from a large stock dividend How is a 21 stock split and a 100 stock dividend similar Dissimilar 1f Chapter 14 has been covered 23 24 25 How do you calculate percentage changes What assets makeup quick assets Current assets Of the ratios and other measures listed on pp 706707 you should commit to memory current ratio quick ratio working capital operating cycle debt ratio percentage changes gross profit rate operating income net income as a percentage of net sales and EPS priceearnings ratio and book value per share of common stock About half of these you should already know from your exposure to them in previous chapters
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