You should know the basics of the following accounts for the quiz on the last day of class. For example, you should know (1) whether the accounts represent assets, liabilities, or shareholders' equity, (2) whether they are temporary or permanent accounts (i.e., do they affect net income), and (3) the types of transactions that affect the accounts. Asset retirement obligation Accretion expense Construction in progress (inventory and PP&E) Goodwill Asset impairment or write-down Contract asset Contract liability Sales returns Refund liability Deferred warranty revenue Equity in earning of affiliate Accumulated other comprehensive income Unrealized gain on available for sale securities Billings on construction contract Cost of construction Sales discounts Allowance for sales returns Inventory-estimated returns Allowance for uncollectibles (and synonyms) Provision for bad debts (and synonyms)