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aliya0001 [1]
4 years ago
15

Use Financial accounting in a sentence​

Business
1 answer:
nlexa [21]4 years ago
7 0

Answer:

Explanation:

1. Accounting Theory Accounting theory is conventionally concerned with financial accounting, i.e. with accounting to external providers of finance.

2. Financial accounting information is classified into the categories of assets, liabilities, owner's equity, revenues, expenses, and net earnings (or net loss).

3. So in some course books of financial accounting, the ledger accounts Sales Returns and Allowances, Sales Discounts are called the off-set accounts of Sales Income.

4. For a long time financial accounting serves in keep and accounts.

5. Financial accounting the goal is expected accountant achieves goal or boundary.

6. The financial accounting report in the annual report must be audited by an accounting firm qualified to audit securities and futures business activities.

7. As a branch of financial accounting, accounting for income tax is different frow income tax accounting and it deals with the difference between accounting income and taxable income.

 

8. Cost measurement covers two different fields: financial accounting and managerial accounting.

9. Among the organizations, International Accounting Standard Committee and Financial Accounting Criterion Committee of U. S.

10. The article analyses the component parts of financial accounting report in detail.

11. The top U.S. accounting rulemaker, the U.S. Financial Accounting Standards Board, will discuss mark-to-market guidance at its board meeting on Monday, according to its website.

12. As contrasted with financial accounting, a managerial accounting information system provides both historical and estimated information that is relevant to the specific plans on more frequent basis.

13. Since the Financial Accounting Standards Board has specifically called for using the title statement of cash flows, title diversity virtually does not exist for this statement.

14. Financial accounting has the function of control.

15. Get the Financial Accounting Standards Board to make public companies disclose one number that's currently not required -- the amount of federal income tax they pay for a given year.

15. Sentencedict.com is a online sentence dictionary, on which you can find excellent sentences for a large number of words.

16. With his support and encouragement I took my first somewhat unsteady steps towards the production of a unit in financial accounting.

17. It is also important to note, at the outset, the distinction between financial accounting and management accounting.

18. Readers interested in further details may consult any standard financial accounting textbook.

19. The term generally accepted accounting principles is somewhat debatable in the field of financial accounting.

20. Under generally accepted accounting principles, companies may use straight-line or one of the accelerated methods of depreciation for financial accounting purposes.

21. What has particularly alarmed some corporations is that Jenkins now is chairman of the Financial Accounting Standards Board.

22. Subject matter includes international accounting, accounting education , information systems, financial accounting, managerial accounting, and legal topics.

23. The CNAO has taken the task of preparing The Interface Standard for Financial Accounting Software Data.

24. Business combinations have caused a series of problems to financial accounting, such as how to recognize the purchase cost, how to measure goodwill, and how to choose accounting methods and theories.

25. Article 4 No organization or individual may instigate, instruct or force an enterprise to compile and tender a financial accounting report which is false or conceals any important fact.

26. Asset measurement is one of the core issues of Financial Accounting, and it is also among the most controversial ones.

27. The company that issues new stocks or bonds in accordance with the law shall also publish its financial accounting report.

28. The paper analyzes the great influence of the intelligence economy on the three factors of financial accounting report.

29. Assist in investment and finance project, providing services and support of financial accounting, cost and sensibility analysis.

30. Securities and Investment is a freely elective course of the Financial Accounting Education specialty.

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The board of directors of Capstone Inc. declared a $0.90 per share cash dividend on its $2 par common stock. On the date of decl
Bas_tet [7]

Answer:

A. Dividends 11,700 Dividends Payable 11,700

Explanation:

The journal entry to record the dividend declared is shown below:

Dividend A/c Dr $11,700

     To Dividend payable $11,700

(Being the dividend is declared)

The computation is shown below:

= (Number of shares issued - treasury stock) × cash dividend per share

= (20,000 shares - 7,000 shares) × $0.90

= 13,000 shares × $0.90

= $11,700

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4 years ago
Pierre, a cash basis, unmarried taxpayer, had $2,180 of state income tax withheld during
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3 years ago
At the end of the current year, the accounts receivable account has a debit balance of $999,000 and sales for the year total $11
Pavel [41]

Answer:

A.$28,325

B.$56,700

C.$56,650

D.$46,700

Explanation:

A.Record adjusting entry for bad debts on estimated percentage of sales as shown below:

Dr bad debt expenses$11,330,000× 1%×(1/4) $28,325

Cr Allowance for doubtful accounts $28,325

B.Record adjusting entry for doubtful accounts based on aging of accounts as shown below:

Dr Bad debt expense ($43,200+$13,500) $56,700

Cr Allowance for doubtful accounts $56,700

C.Record adjusting entry for bad debts on estimated at 1/2 of 1% of sales.

Dr bad debt expenses$11,330,000× 1%×(1/2) $56,650

Cr Allowance for doubtful accounts $56,650

D.Dr Bad debt expense ($53,100- $6,400) $46,700

Cr Allowance for doubtful accounts $46,700

3 0
3 years ago
The primary goal of the consumer financial protection bureau is
ASHA 777 [7]
The Consumer Financial Protection Bureau (CFPB) is not well-known to many people. It’s a relatively new government organization that’s part of the Federal Reserve. The CFPB was created after the financial crisis<span> of 2008 to protect consumers – hence the name. Before the CFPB was created, the responsibility to protect consumers was divvied up among several government agencies. But consumer protection is the CFPB’s primary focus. </span>
7 0
3 years ago
Read 2 more answers
Downs Tax Planning Service bought communications equipment for $9,600 on January 1, 2017. It has an estimated useful life of fiv
MaRussiya [10]

Answer:

$960

Explanation:

For computing the accumulated depreciation, first we have to compute the depreciation expense which is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($9,600 - $0) ÷ (5 years)

= ($9,600) ÷ (5 years)  

= $1,920

This is a full year depreciation but we have to find out for June 30,2017 i.e 6 months

= $1,920 ÷ 12 months × 6 months

= $960

The same is recorded as an accumulated depreciation

3 0
3 years ago
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