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ACCT 2010

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

By: Katie McKenna
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Decks in this class (15)

Chapter 1
Business organization owned by on...,
Business organization owned by tw...,
A separate legal entity owners of...
33  cards
Chapter 2
Economic resources presently cont...,
Measurable amounts that the compa...,
Owners claim to the business reso...
18  cards
Chapter 3
Include buying goods and services...,
Dividing the companys long life i...,
Records revenues when cash is rec...
8  cards
Chapter 4
True or false accounting systems ...,
Why are adjustments needed,
Income statements
22  cards
Chapter 5
An attempt to deceive others for ...,
Types of fraud,
Misusing one s position for inapp...
46  cards
Chapter 6
A series of activities that a com...,
Merchandisers report inventory as...,
Service companies earn revenue fr...
35  cards
Chapter 7
Journal entry to buy inventory,
Journal entry to sell inventory,
Inventory management decisions
30  cards
Chapter 8
Advantages of extending credit,
Disadvantages of extending credit,
If credit is extended the company...
37  cards
Exam 3 Review
Bad debt expense,
Percentage of credit sales equation,
Interest equation
39  cards
Chapter 9
Assets that are used actively in ...,
Two major categories of long live...,
Long term assets that have physic...
72  cards
Chapter 10
Liabilities are created when a co...,
Short term obligations that will ...,
Initial amount of the liability
38  cards
Chapter 11
Major advantage of the corporate ...,
Other advantages of the corporate...,
Corporations can
59  cards
Chapter 12
The statement of cash flow focuse...,
The statement of cash flows shows...,
The statement of cash flows shows...
36  cards
Chapter 13
Are conducted to help financial s...,
Focus on important relationships ...,
Conducted to understand relations...
9  cards
Ratio Types
Net profit margin,
Gross profit margin,
Fixed asset turnover
13  cards

More about
ACCT 2010

  • Class purpose General learning

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