,Chapter 1: Accounting in Business
B B B B
Chapter 2: Accounting for Business Transactions
B B B B B
Chapter 3: Adjusting Accounts for Financial Statements
B B B B B B
Chapter 4: Accounting for Merchandising Operations
B B B B B
Chapter 5: Inventories and Cost of Sales
B B B B B B
Chapter 6: Cash, Fraud, and Internal Control
B B B B B B
Chapter 7: Accounting for Receivables
B B B B
Chapter 8: Accounting for Long-Term Assets
B B B B B
Chapter 9: Accounting for Current Liabilities
B B B B B
Chapter 10: Accounting for Long-Term Liabilities
B B B B B
Chapter 11: Corporate Reporting and Analysis
B B B B B
Chapter 12: Reporting Cash Flows
B B B B
Chapter 13: Analysis of Financial Statements
B B B B B
,Chapter 1 B
Accounting in BusinessB B
QUICK STUDIES
B
QuickBStudyB1-1B(10Bminutes)
1. f ArtificialBIntelligence
2. cB Recording
3. hB RecordkeepingB(bookkeeping)
QuickBStudyB1-2B(10Bminutes)
a. ExternalBuser g. ExternalBuser
b. ExternalBuser h. ExternalBuser
c. ExternalBuser i. InternalBuser
d. ExternalBuser j. ExternalBuser
e. InternalBuser k. ExternalBuser
f. ExternalBuser l. ExternalBuser
QuickBStudyB1-3B(10Bminutes)
1. Opportunity 4. Opportunity
2. Pressure 5. Pressure
3. Rationalization 6. Rationalization
QuickBStudyB1-4B(5Bminutes)
, 1. Principle 3. Assumption
2. Assumption 4. Principle
QuickBStudyB1-5B(10Bminutes)
AttributeBPresent Proprietorship Partnership Corporation LLC
1. BusinessBtaxed no no yes no
2. LimitedBliability no no yes yes
3. LegalBentity no no yes yes
QuickBStudyB1-6B(10Bminutes)
1. RevenueBrecognitionBprinciple
2. MeasurementB(cost)Bprinciple
3. BusinessBentityBassumption
QuickBStudyB1-7B(5Bminutes)
Assets = Liabilities + Equity
$700,000 (a)B $280,000 $420,000
$500,000 (b)B $250,000 (b)B $250,000
QuickBStudyB1-8B(10Bminutes)
1.
Assets = Liabilities + Equity
$75,000 (a)B $35,000 $40,000
(b)B $95,000 $25,000 $70,000
$85,000 $20,000 (c)B $65,000
2.
+B Common
Assets = Liabilities Stock -B Dividends +BRevenues -BExpenses
$40,000 $16,000 $20,000 $ 0 (a)B$12,000 $B 8,000
$80,000 $32,000 $44,000 (b)B$2,000 $24,000 $18,000
B B B B
Chapter 2: Accounting for Business Transactions
B B B B B
Chapter 3: Adjusting Accounts for Financial Statements
B B B B B B
Chapter 4: Accounting for Merchandising Operations
B B B B B
Chapter 5: Inventories and Cost of Sales
B B B B B B
Chapter 6: Cash, Fraud, and Internal Control
B B B B B B
Chapter 7: Accounting for Receivables
B B B B
Chapter 8: Accounting for Long-Term Assets
B B B B B
Chapter 9: Accounting for Current Liabilities
B B B B B
Chapter 10: Accounting for Long-Term Liabilities
B B B B B
Chapter 11: Corporate Reporting and Analysis
B B B B B
Chapter 12: Reporting Cash Flows
B B B B
Chapter 13: Analysis of Financial Statements
B B B B B
,Chapter 1 B
Accounting in BusinessB B
QUICK STUDIES
B
QuickBStudyB1-1B(10Bminutes)
1. f ArtificialBIntelligence
2. cB Recording
3. hB RecordkeepingB(bookkeeping)
QuickBStudyB1-2B(10Bminutes)
a. ExternalBuser g. ExternalBuser
b. ExternalBuser h. ExternalBuser
c. ExternalBuser i. InternalBuser
d. ExternalBuser j. ExternalBuser
e. InternalBuser k. ExternalBuser
f. ExternalBuser l. ExternalBuser
QuickBStudyB1-3B(10Bminutes)
1. Opportunity 4. Opportunity
2. Pressure 5. Pressure
3. Rationalization 6. Rationalization
QuickBStudyB1-4B(5Bminutes)
, 1. Principle 3. Assumption
2. Assumption 4. Principle
QuickBStudyB1-5B(10Bminutes)
AttributeBPresent Proprietorship Partnership Corporation LLC
1. BusinessBtaxed no no yes no
2. LimitedBliability no no yes yes
3. LegalBentity no no yes yes
QuickBStudyB1-6B(10Bminutes)
1. RevenueBrecognitionBprinciple
2. MeasurementB(cost)Bprinciple
3. BusinessBentityBassumption
QuickBStudyB1-7B(5Bminutes)
Assets = Liabilities + Equity
$700,000 (a)B $280,000 $420,000
$500,000 (b)B $250,000 (b)B $250,000
QuickBStudyB1-8B(10Bminutes)
1.
Assets = Liabilities + Equity
$75,000 (a)B $35,000 $40,000
(b)B $95,000 $25,000 $70,000
$85,000 $20,000 (c)B $65,000
2.
+B Common
Assets = Liabilities Stock -B Dividends +BRevenues -BExpenses
$40,000 $16,000 $20,000 $ 0 (a)B$12,000 $B 8,000
$80,000 $32,000 $44,000 (b)B$2,000 $24,000 $18,000
