475 Answered Questions for the topic Financial Accounting

Financial Accounting

03/18/19

What is the purpose of the cash flow statement?
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Financial Accounting

03/18/19

What is the distinction between debtor and creditor?
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Financial Accounting

03/18/19

What is a classified balance sheet?
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Financial Accounting Accounting Small Business Expenses

03/16/19

How to represent "out of pocket" purchases in general ledger journal entry?
If you use personal money to pay for expenses (advertising, equipmemt), how do you represent this in a journal entry? Normally, if the money was coming from the business, you would just decrease... more
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Financial Accounting

03/16/19

What is reported as property, plant and equipment?
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Financial Accounting

03/16/19

What are the effects of depreciation?
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Financial Accounting

03/15/19

What is a balance sheet and why is it prepared?
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Financial Accounting

03/14/19

Where do dividends appear on the financial statements?
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Financial Accounting

03/14/19

What is the difference between accounts payable and accrued expenses payable?
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Financial Accounting

03/14/19

What is the statement of financial position?
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Financial Accounting

03/14/19

What is the difference between a trial balance and a balance sheet?
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03/14/19

Is there a difference between managerial accounting and financial accounting?
In many universities and schools, there is both a Managerial Accounting and a Financial Accounting course. From what I can gather, Financial Accounting covers accounting from an perspective of an... more
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Financial Accounting

03/14/19

Would you please explain unearned income?
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Financial Accounting Managerial Accounting

03/12/19

What is the difference between financial accounting and management accounting?
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Financial Accounting

03/12/19

Help! Need help on my homework
Culver Corporation markets CDs of numerous performing artists. At the beginning of March, Culver Corporation had in beginning inventory 2,530 CDs with a unit cost of $7. During March, Culver... more
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Financial Accounting

03/07/19

Accounting FIFO
In its first month of operation, Ivanhoe Company purchased 320 units of inventory for $5, then 420 units for $6, and finally 360 units for $7. At the end of the month, 400 units remained.Compute... more
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Financial Accounting Accounting

02/21/19

Can you help me with the questions

Inventory Ethics: Jason Tierro, an inventory clerk at Lexmar Company, is responsible for taking a physical count of the goods on hand at the end of the year. He has been performing this duty for... more
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Financial Accounting

02/19/19

The cost management information system is primarily concerned with producing outputs for external users, true or false?
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Financial Accounting

02/18/19

What was the total amount of his or her sales
A salesperson receives 300 per month plus a commission of 4% on all sales over 2000. If earning one month are 940, what was the total amount of his or her sales.Look simple but confusing....
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Financial Accounting Finance Intrest

02/07/19

Financial Math Questions help me solve
A sum of $8 600 is invested in a bank account where interest is calculated at 15.5% per annum.a.     If this sum is invested for 20 years, what amount will it come to at the end of this twenty-year... more
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Financial Accounting Finance Value Assets

02/07/19

Fiance mathematics question

An asset is known to appreciate in value by 21% (simple interest) per year. It was purchased on May 1, 2012. If it was worth $90 000 at the end of 2012, how much was it worth when it was... more
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Financial Accounting Math Finance Investment

02/07/19

Financial math question investment
How much do I need to invest today, at 8% per year, compounded monthly in a savings account in order to have $35 268 at the end of 17 years for my son’s four-year tuition at Ryerson University?
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Financial Accounting Math Business Accounting

02/04/19

Balance Sheets and Income statements
Marble Construction has Accounts Receivable, Trade as follows on their balance sheets from 2004 and 2005:2004: 185,411,000     2005: 258,402,000Their Construction Revenue for those years, from... more
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Financial Accounting Journal Entries

02/01/19

Need help doing journal entries

Issued 70,000 shares of common stock in exchange for $350,000 cash.
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Financial Accounting Business

10/25/18

Accounting 1 part 2
Cody's Western wear has 2,000 shares of $10 par value common stock outstanding. During the current year, the company distributed a 10% stock dividend. The market value of the stock at that time was... more
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