Accounting 200

Accounting 200 Exam 4 Questions And Answers With Latest Updates What are liabilities? ANS Debts or obligations of the company; represent money owned by the company to the company's creditors. What are the two types of liabilities? ANS Current: amounts expected to be paid sometime during the next 12 months. and Long-Term: amounts that must be paid sometime after twelve months What are some examples of current liabilities? ANS Accounts Payable Accrued Expense Liabilities Unearne...

Accounting 200 Exam 3 Study Guide University Of Arizona Questions And Answers Assume you borrow $5000 for 2 years at a simple interest rate of 12%. Calculate interest cost. ANS interest cost = (P x I x N) = 5,000 x 0.12 x 2 = $1200 What is Compound interest? ANS The interest computed on the principal AND any interest earned that has not been paid or withdrawn; Most business situations use compound interest When solving FV of a single amount, what's necessary to know beforehand? ANS ...

Accounting 200 Final Exam Verified Questions And Answers Rated A+ How to find how many Common Stock shares are outstanding? ANS C/S Outstanding= ( # of C.S. shares issued/$per share ) - ( Treasury Stock/ CS shares ) How to Calculate Ending Retained Earnings? ANS End R.E. = ( Beg R.E. ) + ( Net Income ) - ( Cash Dividends ) - ( Stock Dividends ) How to Calculate Stockholder Equity? ANS S.E. = ( C/S ) + ( Excess of par value C/S ) + ( P/S ) + ( Excess of par value P/S ) + ( End R.E. ...