Calculate interest expense (payable) on a long-term noteIdentify the specific dates related to notes payable that require a journal entry, such as date of issue, end of year interest accrual, installment payment (if any), and repayment of the noteMake the journal entries for the dates in the above bullet (notes payable)Explain when long-term liabilities should be reclassified as current liabilities and calculate reclassification amountsUnderstand what a bond is and explain why and when bonds sell at face valuePrepare or interpret a loan amortization table/schedule Calculate and explain the purpose of the times interest earned ratio and debt-to-assets ratio.Explain how contingent liabilities are reported in the financial statements under the three probability categories: probable, possible and remote
Subscribe to view the full document.
CHAPTER 11:Describe and calculate authorized, issued, outstanding, and treasury sharesExplain par value & additional paid in capitalRecord the sale of common stockRecord the declaration and payment of a cash dividend Explain the effects of cash dividends, stock dividends, and stock splits on owners’ equity, retained earnings, total par value, par value per share, and cash flowExplain how treasury stock is treated on the balance sheet
As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.
Temple University Fox School of Business ‘17, Course Hero Intern
I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.
University of Pennsylvania ‘17, Course Hero Intern
The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.
Tulane University ‘16, Course Hero Intern
Ask Expert Tutors
You can ask 0 bonus questions
You can ask 0 questions (0 expire soon)
You can ask 0 questions
(will expire )