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spring 2011225Review for Test two

spring 2011225Review for Test two - Depreciation(full and...

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Review for Test two ACCT 225 Sales entries Periodic entries and income statement (hint: be able to do the Cost of Goods Sold section) Perpetual entries and income statement LIFO and FIFO Allowance for Bad Debts % of Sales and Aging of A/R Adjusting entries Write-off entry Lower of Cost or Market Acquisition of property, plant, and equipment
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Unformatted text preview: Depreciation (full and partial years) and disposal of property, plant, and equipment Acquisition or recording of an intangible Entry to amortize an intangible Short and Long-term loans Loans that begin in one accounting cycle, require an adjusting entry, and end in another accounting cycle....
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