Topic Guide-Exam #2
Gross method for receivables
Net Method for receivables
Items that are reported in cash
Calculating bad debt expense using Percentage of Sales method and Percentage of Receivables
Items reported in inventory
Calculate ending inv
Topic Guide-Final Exam
Identify capitalizable costs for assets
Interest Capitalization process
Accounting for exchanges with and without commercial substance
Depreciation using straight line, double declining and production method
What is meant by comparability when discussing financial accounting information?
a. Information has predictive or confirmatory value.
b. Information is reasonably free from error.
c. Information that is measured and reported in a
COMPREHENSIVE EXAMINATION F
Multiple Choice Questions.
Statement of Cash Flows.
Accounting Changes, Error Corrections, and
Prior Period Adjustments.
*Analysis of Financial Statements.