Question
20Liabilities gg. Current and long-term liabilities (definitions)Unearned Revenue, Accruals, Payables, Notes and Bonds hh. Current liabilities including accounts payable, notes payable, sales taxes payable, payroll
- 20Liabilities
- gg. Current and long-term liabilities (definitions)Unearned Revenue, Accruals, Payables, Notes and Bonds
- hh. Current liabilities including accounts payable, notes payable, sales taxes payable, payroll taxes (FICA SUTA FUTA), interest payable, current maturities of long term debt, wages payable, calculate a payroll
- ii. Balance sheet presentation of current and long term liabilities
- jj. Contingent Liabilities
- kk. Working Capital
- ll. Bonds-secured & unsecured, convertible, callable, term, serial, registered, bearer, debentures, interest, face value, market value, quotes (98 12) or (102 12)/ issue price, par,, what causes premium & discounts on bonds, entries, redemptions, conversion to stock, present value,
21Equity
- mm. Type of corps-for profit, not for profit, public and private; characteristics-separate legal existence, liability of shareholders, transferability, rights, continuous life, Disadvantage-govt regulations, added taxes, management; Who is board of directors? What are stockholder rights?
nn. Types of stock- Common, Preferred, Treasury; par value and no par value entries when issued at par or premium- Paid in Capital in excess of par; two primary sources of capital-paid in capital and retained earnings (internal capital)- issuing stock for services or non-cash items; terms-authorized, issued, outstanding-
oo. Treasury stock- acquiring company's own stock, contra-equity account, issuing treasury stock at cost, above or below costs (debit or credit paid in capital treasury stock)
pp. Dividends- effect on equity, types-cash, stock, property,
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