Unformatted text preview: net income. Specific identification. Lower cost or market Gross margin valuation of inventory Internal controls for cash and other assets Bank reconciliations Classification of Assets and liabilities into current and non current Current ratio calculation and what it means Going concern concept Bad debts (direct write off method) (allowance method) Warranties Net realizable value of Account receivable Accounts receivable turnover ratio Average # days to collect accounts receivable Discount on notes payable...
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- Spring '08
- Balance Sheet, Generally Accepted Accounting Principles, gross margin, weighted average calculation, Gross margin valuation