study guide of chapter 10& 11

study guide of chapter 10& 11 - 1. Identify and discuss...

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After studying chapter 10, you should be able to: 1. Explain a current liability and identify the major types of current liabilities. 2. Be able to prepare the entries for Notes Payable. 3. Explain the accounting for other current liabilities. 4. Identify the types of bonds. 5. Prepare the entries for the issuance of bonds and interest expense. 6. Be able to prepare the journal entries for bonds when they are called before their maturity date. 7. Study Appendix A and C. Appendix A is using straight line amortization to amortize the discount or premium. Appendix C deals with the Accounting for Long-Term Notes Payable. 8 Be sure you understand the terms in The Glossary. After studying chapter 11, you should be able to:
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Unformatted text preview: 1. Identify and discuss the major characteristics of a corporation. 2. Record the issuance of common stock. 3. Explain the accounting for the purchase of treasury stock. 4. Differentiate preferred stock from common stock. 5. Prepare the entries for cash dividends and understand the effect of stock dividends and stock splits. 6. identify the items that affect retained earnings. 7. Prepare a comprehensive stockholders' equity section. 8. Evaluate a corporation's dividend and earnings performance from a stockholder's perspective. 9. Understand the journal entries to record a stock dividend (see appendix)....
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This note was uploaded on 02/19/2011 for the course BUS 201 taught by Professor Tomos during the Spring '11 term at Indian Institute Of Management, Ahmedabad.

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study guide of chapter 10& 11 - 1. Identify and discuss...

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