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BUS210 Exam _3 review topics

BUS210 Exam _3 review topics - Journal entry for receipt of...

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BUS210 Exam #3 review topics Cost principle for recording land & characteristics of land Characteristics of plant asset The four subdivisions for plant assets Depreciation of Land improvements Treatment of Interest What the balance in the Accumulated Depreciation account represents Why we record depreciation Factors in calculating depreciation Depreciation calculation given On January 1, a machine with a useful life of 10 years and a residual value of $30,000 was purchased for $250,000. define current liability & examples Calculation of interest charged on a $250,000 note payable, at the rate of 8%, on a 90- day note Page 1
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Contingent liabilities How leases are classified
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Unformatted text preview: Journal entry for receipt of $2345 of which $45 is for sales tax. Journal entries for unearned revenue transactions Define Secured bonds, callable bonds Bond premium vs bond discount Define bond certificate Who Stockholders of a corporation directly elect Who is the chief accounting officer in a company Characteristics of the corporate form of organization Ways that a corporation can be classified by ownership Ownership rights of stockholders Par value definition Page 2 Authorized, issued, outstanding stock of a corporation Journal entry when corporation issues 2,000 shares of $2 par value common stock at $10 per share. Treasury Stock definition Page 3...
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BUS210 Exam _3 review topics - Journal entry for receipt of...

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