Advanced Accounting |
Common terms and phrases
Accounts Payable accounts receivable accrued depreciation accumulation acquired actual adjustment amortization amount applicable appraisal appropriate assumed balance sheet basis book value capital stock capital surplus cash Chapter common stock computed contract corporation cost of sales current assets current liabilities December 31 deductions depletion discount discussion dividends earned surplus earning power effect enterprise entries equipment estimated example expenses first-out funds illustration income sheet income statement incurred intangible inventory investment investor issue last-in less loss market value ment merchandise method no-par stock outstanding paid par value particular payable payment period plant account plant assets preferred stock premium procedure production profit purchase realized received record replacement cost represents reserve result retirement revenues schedule securities selling shares statement stock equity stockholders taxes tion transaction treasury treasury stock treatment unit valuation XXX XXX XXX