Things included in the cost of a building?
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- purchase price
- renovation cost
- realtor commissions
Long term asset
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- Office equipment
,When a company obtains a loan and receives cash from that loan, what category is
that recorded on the cash flow statement?
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financing
Contingent liabilities: Record liability
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- Probably AND reasonably estimated
- warranties
- vacation pay
When is a continent liability recognized in the companies financial statement?
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Obligation is probably and estimatable
When calculating vertical analysis for a balance sheet account it is based as a
percentage of?
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, Total assets
Current liabilities
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- matures within 1 year or amount is due to be paid within the year (
accounts payable, interest payable, notes payable that are due in 1 year or
less)
Long term assets used for more than 1 year: Tangible
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- something you can see or touch
- equipment, buildings, land
A company takes out a loan on 8/1/2018 with the principal and interest due on
1/31/2019. How many months of interest much the company pay at the end of the
loan?
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6 months
Basket purchase allocation
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- purchase price
- renovation cost
- realtor commissions
Long term asset
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- Office equipment
,When a company obtains a loan and receives cash from that loan, what category is
that recorded on the cash flow statement?
Give this one a try later!
financing
Contingent liabilities: Record liability
Give this one a try later!
- Probably AND reasonably estimated
- warranties
- vacation pay
When is a continent liability recognized in the companies financial statement?
Give this one a try later!
Obligation is probably and estimatable
When calculating vertical analysis for a balance sheet account it is based as a
percentage of?
Give this one a try later!
, Total assets
Current liabilities
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- matures within 1 year or amount is due to be paid within the year (
accounts payable, interest payable, notes payable that are due in 1 year or
less)
Long term assets used for more than 1 year: Tangible
Give this one a try later!
- something you can see or touch
- equipment, buildings, land
A company takes out a loan on 8/1/2018 with the principal and interest due on
1/31/2019. How many months of interest much the company pay at the end of the
loan?
Give this one a try later!
6 months
Basket purchase allocation
