ACCT_2000_Final_Exam_Study_Outline - Chapter 12 •...

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ACCT 2000 Fall 2009 Final Exam Study Outline Chapter 2 • Step 2 from the Accounting Cycle; so you should be able to prepare journal entries, applying debit and credit rules. Also, you should know the rules such as debits = credits, etc. Chapter 5 • FIFO, LIFO, Average Cost ending inventory calculations; also, know which method produces the highest inventory value, the highest net income, the lowest tax liability, which one is most commonly used, etc.
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Unformatted text preview: Chapter 12 • Breakeven point calculations; know the four formulas (BE in $, BE in volume, Desired Profit in $, Desired Profit in volume); and general concepts about the breakeven analysis. INCOME TAX OUTLINE • You are responsible for everything on the outline, except for the income intervals to which each tax rate applies. You are also responsible for all class notes covering the tax outline....
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This note was uploaded on 10/19/2011 for the course ACCT 2000 taught by Professor Holmes during the Fall '08 term at LSU.

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