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405Review for Test twosummer2011

405Review for Test twosummer2011 - Completed Contracts –...

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Review for Test two Ch 17 Held to Maturity Bonds – I will not ask you to compute the PV of the bond but you should be able to prepare the amortization table and make the entries. Trading Securities and Available for Sale – Be able to make the entries and know which statement to use Ch 18 Percentage of Completion- Be able to prepare the tables and make the entries for gross profits or losses
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Unformatted text preview: Completed Contracts – When you do recognize gross profit? Installment method – Entries and gross profit to be recognized each year Ch 19 Income taxes – Know all the permanent and temporary differences. Be able to prepare a table showing deferred liabilities and deferred assets. Be able the make the journal entries for the first and later years....
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