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Decks in this class (12)
Ch 2
Conceptual framework 1,
Why do we need a conceptual frame...,
Framework should do what 3
88
cards
Ch. 1
What is financial accounting 1,
Users of the financial reports in...,
What is managerial accounting 3
60
cards
Ch 3
Event 1,
Transaction 2,
Account 3
42
cards
Ch. 4
Income statement 1,
The business and investment commu...,
Income statement provides investo...
87
cards
Ch 5
Balance sheet is sometimes referr...,
The balance sheet provides a basi...,
Analysts use the information on t...
91
cards
Chapter 6
Time value of money 1,
The dollar received today is wort...,
Historical cost used for 3
77
cards
Ch. 7
Cash is 1,
Cash consists of 2,
Negotiable instruments such as mo...
94
cards
Ch 18
Fasb and iasb indicated that repo...,
Iasb and fasb issued a diverged s...,
Boards believe new standard will ...
107
cards
Chapter 8
Inventories 1,
Merchandise inventory 2,
Raw materials inventory 3
115
cards
Ch. 9
When inventory declines whatever ...,
When does the company abandon the...,
Cost is 3
82
cards
Ch. 10
Cash discounts for prompt payment...,
When no interest rate is stated o...,
When imputing an interest rate co...
45
cards
Chapter 11
Depreciation is 1,
Depreciation 2,
Expiration of intangible assets s...
60
cards
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ACCT 301
- Class purpose General learning
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