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exam3reviewsheet[1] - What is vertical analysis How is it...

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A review sheet for ACC 2301 Exam Three Chapters 8-10 Chapter 8 Liabilities and Stockholders’ Equity What is a liability? What is stockholders’ equity? How do businesses finance their operations? What is a note payable? How do you calculate interest and maturity value? What is a contingent liability? When should a contingent liability be recorded? What is gross pay? What is net pay? How do you calculate them? What is a bond payable? When does a bond sell at a premium? When does a bond sell at a discount? What is common stock? What is preferred stock? What is treasury stock? What is a dividend? What is a stock split? How do you record the sale of stock? How do you report liabilities and stockholders’ equity on the balance sheet? Chapter 9 Financial Statement Analysis What is horizontal analysis? How is it done?
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Unformatted text preview: What is vertical analysis? How is it done? What is solvency? What is profitability? How do you calculate working capital? How do you calculate the current ratio? How do you calculate the quick ratio? What are the uses and limitations of analytical measures? What information is commonly found in a corporation’s annual report? Chapter 10 Accounting Systems for Manufacturing Businesses What is a manufacturing business? What is a product cost? What is a period cost? What are direct materials? Direct labor? Factory overhead? What are conversion costs? How do you calculate the predetermined factory overhead rate? How do you apply overhead to work in process? How do you determine whether overhead is over applied or under applied?...
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