Exam Review 2 Spring 2016 - Other comprehensive income and...

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Exam #2 Review Sheet Exam #2 is made up of 20 multiple choice and two problems over chapters 4 and 6. The exam is a close-book and close notes exam. The best way to study for the exam is to focus on the material covered in class and in the class notes. Homework assignments are a good indicator of what you should be able to do on exam. The following are some outlines that you can study for this exam. Of course, you need go deep and really understand the contents of those outlines. Chapter 4 Identify the objectives income statement. Prepare a multiple-step income statement. Separately reported items-discontinued operations Reporting and computation of earnings per share for different items.
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Unformatted text preview: Other comprehensive income and comprehensive income Intraperiod tax allocation Prepare the statement of cash flows (both direct and indirect method) Classifications of cash activities into the four sections of statement of cash flows (Operating, investing, financing and noncash activities) Chapter 6 Understand the concept of time value of money Understand and compute the present value and future value of a single amount Understand and computer the present value and future value of an ordinary annuity and annuity due. Understand deferred annuity Noninterest- bearing notes calculation...
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