Accounting 2301 First Exam

common FC – CEO salary, hearing store, recep salary
convertible bonds – converted into common stock
Transactions – An event between two or more persons
Business transactions – an exchange of things of value
mediator – One who settles a dispute between two people.
Unearned Revenue – a liability representing a company's obligation to provide goods or services to customers in the future
depreciation – expense for property, plant, and equipment
Contributed Capital – the amount of financing provided by owners of the business and earnings (contributed capital, retained earnings)
Unearned revenues – Balance sheet
Current liab.
 A schizophrenic client approaches the nurse and says, “The voices are bothering me. They're yelling and telling me I'm bad. Can't you hear them?” The most helpful reply for the nurse to make would be which of the following?
Amounts of Return / Amount of Investment – = Rate of return
Profit Margin – Net income / Net Sales
 A schizоphrenic client аpprоаches the nurse аnd says, “The vоices are bothering me. They're yelling and telling me I'm bad. Can't you hear them?” The most helpful reply for the nurse to make would be which of the following?
Prepaid expense accounts appear on – the balance sheet
Calendar year – January 1 Till December 31

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