Int. Accounting (Ch. 5)

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Author:
Dbadams94
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308209
Filename:
Int. Accounting (Ch. 5)
Updated:
2015-09-20 14:49:43
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ACC
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ACC
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  1. The amount that is usually available for dividend distribution.
    Unappropriated retained earnings
  2. Restricted retained earnings should be...
    disclosed
  3. Restricted retained earnings are NOT available for...
    dividend distribution
  4. Restricted retained earnings are restricted by... or other...
    bond indentures, loan agreements.
  5. NI is transferred to...
    RE
  6. The level of fair value hierarchy, where the measures are based on observable inputs, such as market prices for identical assets or liabilities.
    Level 1
  7. The level of fair value hierarchy, where the measures are based on market-based inputs other than those included in level 1, such as those based on market prices for similar assets or liabilities.
    Level 2
  8. The level of fair value hierarchy, where the measures are based on unobservable inputs, such as a company's own data or assumptions.
    Level 3
  9. Contingency is a potential...
    liability.
  10. OCI is closed to...
    Accumulated OCI.
  11. Formula for receivables.
    AR - AFDA
  12. What 3 types of inventories are involved with manufacturing? (RWF)
    • 1. Raw materials
    • 2. WIP
    • 3. FG
  13. How many inventory accounts are involved with merchandising?
    1
  14. PPE are (used/not used) in operations.
    used
  15. Intangible assets are recorded when...
    purchased
  16. R & D is expensed when...
    incurred.

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