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Financial accounting content

This class was created by Brainscape user Sara Rolén. Visit their profile to learn more about the creator.

By: Sara Rolén
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Decks in this class (11)

Chapter 1: Accounting as a form of communication
What is accounting define it in t...,
What are the two distinct element...,
How should a balance sheet be dat...
8  cards
Chapter 2: Financial statements and the annual report
How would you evaluate the follow...,
What does relevance mean with reg...,
What is the difference between co...
16  cards
Chapter 3: Processing accounting information
What are the two types of events ...,
What is the significance of sourc...,
Provide three examples of source ...
10  cards
Chapter 4: Income measurement and accrual accounting
What is the meaning of the follow...,
A realtor earns a 10 commission o...,
Is it necessary for an asset to b...
13  cards
Chapter 5: Inventories and cost of goods sold
What are three distinct types of ...,
What is the difference between a ...,
Why are shipping terms such as fo...
15  cards
Chapter 6: Cash and internal control
Why does the purchase of an item ...,
A friend says to you im confused ...,
What circumstances led to the pas...
11  cards
Chapter 7: Receivables and investments
What is the distinction between a...,
Why does the discounting of a not...,
On december 31 stockton inc inves...
10  cards
Chapter 8: Inventories and cost of goods sold
What are several examples of oper...,
What is the meaning of the term a...,
When assets are purchased as a gr...
12  cards
Chapter 9: Current Liabilities, Contingencies, and the Time Value of Money
What is the definition of current...,
Is the account discount on notes ...,
A firms year ends on december 31 ...
11  cards
Chapter 10: Long-term liabilities
Which interest rate the face rate...,
What is the tax advantage that co...,
Does the issuance of bonds at a p...
7  cards
Chapter 11: Stockholders' equity
What are the two major components...,
If a firm has a net income for th...,
What is treasury stock where does...
10  cards

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Financial accounting content

  • Class purpose General learning

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