Accounting 202 Chapter 10

Users – IRD, Employers, Lenders, Customers, Suppliers and owner
Fundamental Accounting Equation – The relationship between assets and liabilities plus the owner's equity.
Purchase of treasury stock is classified in the statement of cash flows sa an – Financing activity
endorsement – A signature or stamp on the back of a check transferring ownership
Quick (Acid-Test) Ratio – a stricter test of a company's liquidity
Equity – The difference between assets and liabilities
SECTION 9: Answering questions–question 1 Remember: answer the question by writing just one complete sentence. Special letters, should you need them:   á   é   í   ó   ú   ñ ¿De dónde son tus padres?  
Historical Cost – amount paid for an asset;
An internal service fund uses budgetary accounts? T/F – False
SECTION 9: Answering questiоns–questiоn 1 Remember: аnswer the questiоn by writing just one complete sentence. Speciаl letters, should you need them:   á   é   í   ó   ú   ñ ¿De dónde son tus pаdres?  
to hire a company – нанимать компанию

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