I-12 Subject Index
Transaction analysis, 14–19, 66. See also Unprofitable segment elimination decisions, W
Business transactions 1164–1165 Wages, 494, 495. See also Payroll
Transportation-in, 223 Unrealized gains/losses, 705, 709–710 accounting
Transposition error, 70 Unsecured bonds, 646 Wages payable, 12
Treasurers of corporations, 572 Useful life, 443, 449–450 Wage and Tax Statement (Form W-2), 504
Treasury stock, 582–586 Users of accounting data, 6–7 Warranties, product, 492–493
Trend analysis, 793. See also Horizontal Wear and tear, 443
analysis V Weighted average method, 937–938
Trial balances, 68–71 Vacations, required, 355 Weighted average unit cost, 258
adjusted, 114–118 Valuation: West, Paul and Laura, 300–301
limitations of, 69 of accounts receivable, 400–406 Wholesalers, 200
outdated information in, 99 cost allocation vs., 442 Withdrawal of partners, 550–552
post-closing, 157–159 of investments, 704–706 Working capital, 491
on worksheet, 147–148, 225 of notes receivable, 411–412 Working capital ratio, 801
Trustees (bonds), 646 Value chain, 858–859 Work in process, 250, 893–900
Turner, Ted, 695 Variable costs: Work in process inventory, 853
in CVP, 977 Worksheets, 146–152
U in flexible budget, 1068 for merchandising companies,
Uncollectible accounts, 400–406 in manufacturing overhead 225–226
allowance method, 401–406 budget, 1028 preparing adjusting entries from,
direct write-off method, 400–401 Variable costing, 998–1001 150, 152
Underwriting, 576 Variances from standards, 1116–1124 preparing financial statements from,
Unearned revenues, 100 direct labor variances, 1119–1121 150, 151
adjusting entries for, 104–106 direct materials variances, 1116–1119 for statement of cash flows, 752–757
alternative treatment of, 119–122 manufacturing overhead variance, steps in preparing, 146–150
as current liabilities, 488–489 1121–1122 World economy, 858
Unemployment taxes, 501, 502 overhead, 1133–1134
Uniform Partnership Act, 547 reporting, 1122–1124 Y
U.S. Olympic Committee, 72 Venture capital firms, 530 Years, fiscal, 96–97
Unit production costs, 942 Verification, independent, 353–355 Year-end, 23
Units-of-activity depreciation, 445–448 Vertical analysis, 793, 797–799 Year-end balance, 904
Units-of-production method, see Units-of- Virtual closes, 157
activity depreciation Voucher register, 361 Z
Unlimited liability, 529–531 Voucher system controls, 360–361 Zero-interest bonds, 648
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Transaction analysis, 14–19, 66. See also Unprofitable segment elimination decisions, W
Business transactions 1164–1165 Wages, 494, 495. See also Payroll
Transportation-in, 223 Unrealized gains/losses, 705, 709–710 accounting
Transposition error, 70 Unsecured bonds, 646 Wages payable, 12
Treasurers of corporations, 572 Useful life, 443, 449–450 Wage and Tax Statement (Form W-2), 504
Treasury stock, 582–586 Users of accounting data, 6–7 Warranties, product, 492–493
Trend analysis, 793. See also Horizontal Wear and tear, 443
analysis V Weighted average method, 937–938
Trial balances, 68–71 Vacations, required, 355 Weighted average unit cost, 258
adjusted, 114–118 Valuation: West, Paul and Laura, 300–301
limitations of, 69 of accounts receivable, 400–406 Wholesalers, 200
outdated information in, 99 cost allocation vs., 442 Withdrawal of partners, 550–552
post-closing, 157–159 of investments, 704–706 Working capital, 491
on worksheet, 147–148, 225 of notes receivable, 411–412 Working capital ratio, 801
Trustees (bonds), 646 Value chain, 858–859 Work in process, 250, 893–900
Turner, Ted, 695 Variable costs: Work in process inventory, 853
in CVP, 977 Worksheets, 146–152
U in flexible budget, 1068 for merchandising companies,
Uncollectible accounts, 400–406 in manufacturing overhead 225–226
allowance method, 401–406 budget, 1028 preparing adjusting entries from,
direct write-off method, 400–401 Variable costing, 998–1001 150, 152
Underwriting, 576 Variances from standards, 1116–1124 preparing financial statements from,
Unearned revenues, 100 direct labor variances, 1119–1121 150, 151
adjusting entries for, 104–106 direct materials variances, 1116–1119 for statement of cash flows, 752–757
alternative treatment of, 119–122 manufacturing overhead variance, steps in preparing, 146–150
as current liabilities, 488–489 1121–1122 World economy, 858
Unemployment taxes, 501, 502 overhead, 1133–1134
Uniform Partnership Act, 547 reporting, 1122–1124 Y
U.S. Olympic Committee, 72 Venture capital firms, 530 Years, fiscal, 96–97
Unit production costs, 942 Verification, independent, 353–355 Year-end, 23
Units-of-activity depreciation, 445–448 Vertical analysis, 793, 797–799 Year-end balance, 904
Units-of-production method, see Units-of- Virtual closes, 157
activity depreciation Voucher register, 361 Z
Unlimited liability, 529–531 Voucher system controls, 360–361 Zero-interest bonds, 648
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