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videoREVIEW FOR FINAL EXAM 225

videoREVIEW FOR FINAL EXAM 225 - REVIEW FOR FINAL EXAM 40...

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REVIEW FOR FINAL EXAM 40 % Old Material – check old handouts Journal entries Adjusting entries Closing entries Perpetual Method Classified Income Statement – you must write out the entire statement in proper form Statement of Stockholders’ Equity Classified Balance Sheet Bad Debt Expense using the Aging of A/R Perpetual Method entries FIFO, LIFO, Weighted-Average Notes Payable Acquisition, Depreciation, and Disposal of Fixed Assets Acquisition and Amortization of Intangibles 60% New Material Statement of Cash Flows problem at the level of the one in the handout - you must write out the entire statement in proper form. Authorized, Issued, and Outstanding shares Common Stock Preferred Stock Treasury Stock Computing Common and Preferred Dividends of all types Stockholders’ Equity section of the Balance Sheet
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Ex: You offer the farmer 10,000 shares of your Common Stock that has a par value of $1 and a market value of $20. Your stock is actively traded. Make the entry: Ex: We originally issued 10,000 shares of $1 par Common Stock at $4 per share. 1) Make the entry to record the issuance.
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