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Cash Flows from Operating Activities Inflows (Receipts) Receipts from sales Commissions and fees Interest and dividends received Outflows (Payments) Payments for inventory Salaries and wages Operating expenses Interest on liabilities Taxes

19 trang | Chia sẻ: nguyenlinh90 | Ngày: 18/07/2019 | Lượt xem: 1183 | Lượt tải: 0

Business Forms A sole proprietorship is owned by a single individual. A partnership is owned by two or more individuals. Partnerships require clear agreements about authority, risks, and the sharing of profits and losses. A corporation is a separate legal entitycreated by the authority of a state government. Each state has separate laws gove...

23 trang | Chia sẻ: nguyenlinh90 | Ngày: 18/07/2019 | Lượt xem: 878 | Lượt tải: 0

Applying payments to principal and interest Identify the unpaid principal balance. Amount applied to interest = Unpaid principal balance × Interest rate. Amount applied to principal = Cash payment – Amount applied to interest in . Unpaid principal balance = Unpaid principal balance in  – Amount applied to principalin .

21 trang | Chia sẻ: nguyenlinh90 | Ngày: 18/07/2019 | Lượt xem: 985 | Lượt tải: 0

Do companies estimate the amount of payables that they are going to pay? Under the going concern assumption , companies expect to pay their obligations in full.

24 trang | Chia sẻ: nguyenlinh90 | Ngày: 18/07/2019 | Lượt xem: 933 | Lượt tải: 0

Tangible Long-Term Assets Property, Plant, and Equipment – Sometimes called plant assets or fixed assets. We depreciate these assets over their useful life. Natural Resources – Mineral deposits, oil and gas reserves, timber stands, coal mines, and stone quarries are some examples of natural resources. We deplete these assets over their useful lif...

24 trang | Chia sẻ: nguyenlinh90 | Ngày: 18/07/2019 | Lượt xem: 968 | Lượt tải: 0

Accounts Receivable and Notes Receivable When a company allows customers to “buy now and pay later,” the company’s right to collect cash in the future is called accounts receivable. Individually, these receivables are typically small and are payable within 30 days. When a longer credit term is needed, or when the receivable is large, the company ...

23 trang | Chia sẻ: nguyenlinh90 | Ngày: 18/07/2019 | Lượt xem: 1076 | Lượt tải: 0

Separation of Duties Quality of Employees Bonded Employees Required Absences Procedures Manual Authority and Responsibility Prenumbered Documents Physical Control Performance Evaluations

18 trang | Chia sẻ: nguyenlinh90 | Ngày: 18/07/2019 | Lượt xem: 901 | Lượt tải: 0

When a company’s inventory consists of many high-priced, low-turnover goods the record keeping necessary to use specific identification is more practical.

22 trang | Chia sẻ: nguyenlinh90 | Ngày: 18/07/2019 | Lượt xem: 902 | Lượt tải: 0

Merchandising businesses generate revenue by selling goods. The goods purchased for resale are called merchandise inventory.

21 trang | Chia sẻ: nguyenlinh90 | Ngày: 18/07/2019 | Lượt xem: 968 | Lượt tải: 0

Accountants initially record data from source documents into a journal.

18 trang | Chia sẻ: nguyenlinh90 | Ngày: 18/07/2019 | Lượt xem: 1096 | Lượt tải: 0