Accounting Principles Guías de estudio, Notas de estudios & Resúmenes
¿Buscas las mejores guías de estudio, notas de estudio y resúmenes para Accounting Principles? En esta página encontrarás 63 documentos de estudio para Accounting Principles.
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Accounting Principles II: Investments Complete Study Guide
- Examen • 11 páginas • 2024
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- $17.39
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Accounting Principles II: Investments 
Complete Study Guide 
 
Introduction to Investments 
Companies may have cash balances that exceed their current operating needs. If the extra cash is not needed for a short period of time, the company may invest the excess cash to generate interest or dividend revenue. A company may also have a strategic purpose for accumulating cash, such as acquiring stock in another corporation. The investment of cash in each of these circumstances results in an investme...
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Accounting Principles II: Corporations Complete Study Guide
- Examen • 21 páginas • 2024
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- $17.19
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Accounting Principles II: Corporations 
Complete Study Guide 
 
Characteristics of a Corporation 
A corporation is a legal entity, meaning it is a separate entity from its owners who are called stockholders. A corporation is treated as a “person” with most of the rights and obligations of a real person. A corporation is not allowed to hold public office or vote, but it does pay income taxes. It may be established as a profit making or nonprofit organization and may be publicly or privately h...
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Accounting Principles II: Partnerships Complete Study Guide
- Examen • 13 páginas • 2024
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- $16.99
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Accounting Principles II: Partnerships 
Complete Study Guide 
 
Characteristics of a Partnership 
A partnership is an unincorporated association of two or more individuals to carry on a business for profit. Many small businesses, including retail, service, and professional practitioners, are organized as partnerships. 
A partnership agreement may be oral or written. However, to avoid misunderstandings, the partnership agreement should be in writing. The agreement should identify the partners; t...
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Accounting Principles II: Long-Term Liabilities Complete Study Guide
- Examen • 25 páginas • 2024
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- $16.99
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Accounting Principles II: Long-Term Liabilities 
Complete Study Guide 
 
Long‐Term Liabilities Defined 
Long‐term liabilities are existing obligations or debts due after one year or operating cycle, whichever is longer. They appear on the balance sheet after total current liabilities and before owners' equity. Examples of long‐term liabilities are notes payable, mortgage payable, obligations under long‐term capital leases, bonds payable, pension and other post‐employment benefit oblig...
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Accounting Principles II: Current Liabilities Complete Study Guide
- Examen • 8 páginas • 2024
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- $15.49
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Accounting Principles II: Current Liabilities 
Complete Study Guide 
 
Liability Defined 
A liability is an existing debt or obligation of a company. It is an amount owed to a third‐party creditor that requires something of value, usually cash, to be transferred to the creditor to settle the debt. Most obligations are known amounts based on invoices and contracts; some liabilities are estimated because the value that changes hands is not fixed at the time of the initial transaction. Liabiliti...
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Accounting Principles I: Operating Assets Complete Study Guide
- Examen • 22 páginas • 2024
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- $11.49
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Accounting Principles I: Operating Assets Company Complete Study Guide 
 
Operating Assets Defined 
Operating assets are long‐lived assets that are used in normal business operations. They are not held for resale to customers. Investments in operating assets are essential to the success of most businesses. There are three major categories of operating assets: property, plant, and equipment, sometimes referred to as plant assets or fixed assets; natural resources; and intangible assets. Propert...
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Accounting Principles I: Inventory Company Complete Study Guide
- Examen • 16 páginas • 2024
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- $19.79
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Accounting Principles I: Inventory Company Complete Study Guide 
 
Determining Inventory Levels 
Merchandising and manufacturing companies keep an inventory of goods held for sale. Management is responsible for determining and maintaining the proper level of goods in inventory. If inventory contains too few items, sales may be missed. If inventory contains too many items, the business pays unnecessary amounts to warehouse, secure, and insure the items, and the company's cash flow becomes one si...
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Accounting Principles I: Receivables Company Complete Study Guide
- Examen • 15 páginas • 2024
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Accounting Principles I: Receivables Company Complete Study Guide 
 
Receivables Defined 
Accounts receivable are amounts that customers owe the company for normal credit purchases. Since accounts receivable are generally collected within two months of the sale, they are considered a current asset and usually appear on balance sheets below short‐term investments and above inventory. 
Notes receivable are amounts owed to the company by customers or others who have signed formal promissory notes...
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Accounting Principles I: Cash Company Complete Study Guide
- Examen • 13 páginas • 2024
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- $16.89
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Accounting Principles Exam Questions With All Correct Answers
- Examen • 8 páginas • 2024
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- $7.99
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Accounting Principles Exam 
Questions With All Correct Answers 
 
Which of the following expressions is incorrect? 
Sales revenue - cost of goods sold - Operating expenses = Net income 
Operating expenses - Cost of goods sold = Gross profit 
Net income + Operating expenses = Gross profit 
Gross profit - Operating expenses = Net income - ANSWER Operating expenses - 
Cost of goods sold = Gross profit 
Net income - ANSWER gross profit - operating expenses 
or 
Sales revenue - cost of goods sold - O...
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