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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

  1. 20Liabilities
  2. gg. Current and long-term liabilities (definitions)Unearned Revenue, Accruals, Payables, Notes and Bonds
  3. 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
  4. ii. Balance sheet presentation of current and long term liabilities
  5. jj. Contingent Liabilities
  6. kk. Working Capital
  7. 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

  1. 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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