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Survey of accounting six edition by Edmonds Olds Chapter 5 Who are the parties of a promissory note? Be able to calculate interest on notes

Survey of accounting six edition by Edmonds Olds

Chapter 5

Who are the parties of a promissory note? Be able to calculate interest on notes receivable in years 1 and 2.

What is the allowance method of accounting for uncollectible accounts?

What is the net realizable value of accounts receivable? Where is it shown on the financial statements?

What is the uncollectible accounts expense? Where is it shown? How is it estimated?

What are the advantages/disadvantages of accepting credit card sales? How are they accounted for?

What are the inventory cost flow methods we studied and how are they applied?

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