KIC000065 - Repair maintence etc Disposal ofPPE...

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Accounting Concept and Calculation Questions: SEC reports I IIO-K IO-Q 8-K ".- Statement of Retained Earnings 1 ERE = BRE + NI - D I ',' . . l·· .- ' Adjusting entries I 1 Differed Expense, Differed Revenue, Accrued Expense, Acruded Revenue (interest revenue) Cash controls 1 1 Segregate duties, establish responsibility, restrict access, document procedures, independently verify, Gross vs net sales revenue 1 Gross = - cost of good sold 12110 nl30 1 Cost of goods sold equation 1 COGS = BI+P-EI 1 COGAFS = BI+P 1 Bad debt 2 1 Net credit sales * % = Bad debt expense. 1 0-60, 61-90, 91+ days < Inventory valuation LIFO 1 FIFO 1 WA 1 Fixed Cost. 2 Capital vs revenue expenditures 1 Capital: Delivery 1 installation 1 purchase 1 taxes 1 set-up. Revenue:
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Unformatted text preview: Repair, maintence, etc Disposal ofPPE 1 !Depreciation to price, gain and loss when selling Depreciation & amortization 2 !Units of production, straight line, double down *equations!!* 1 Amortization with bonds and intangible assets Notes payable 1 Liability OR loan 1 Interest I Contingent liabilities I 1 Potential liability from a past event. Warranties 1 Air line miles 1 Lawsuits 1 Probable, Reasonably possible, Remote Bonds payable 3 1 Face value, Par Value, Stated interest (Coupon rate), Market rate(Interest expense) Issue price (Discount 1 Premium), J...
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