Calculate interest expense payable on a long term note Identify the specific

Calculate interest expense payable on a long term

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Calculate interest expense (payable) on a long-term note Identify 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 note Make 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 amounts Understand what a bond is and explain why and when bonds sell at face value Prepare 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
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CHAPTER 11: Describe and calculate authorized, issued, outstanding, and treasury shares Explain par value & additional paid in capital Record the sale of common stock Record 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 flow Explain how treasury stock is treated on the balance sheet
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  • Fall '11
  • Pizza
  • Balance Sheet, Dividend, Generally Accepted Accounting Principles

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