Spring2011225Test one review sheet

Spring2011225Test one review sheet - Unit-of-Measure...

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Test one review sheet: A) You should be able to do all the entries, adjusting entries, and closing entries covered in both texts. B) In addition from Libby, Libby, Short, you will be given a multiple choice questions asking you define or identify an example of the following: Chapter 1: Cost Principle GAAP SEC FASB Chapter 2: Separate-Entity Concept
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Unformatted text preview: Unit-of-Measure Concept Continuity Assumption (Also known as the Going-Concern Assumption) Chapter 3: Revenue Principle Matching Principle C. You will be asked to actually do the following statements from an adjusted trial balance: Income Statement (page 105) Statement of Retained Earnings Classified Balance Sheet (page 48)...
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