ACC 221 Final Exam Cram Kit
Week 11 – Capitalize vs. Expense
1 Practice Exercise
Capitalize vs. Expense – Practice!
Week 11 – Depreciation
2 Concepts
|
1 Practice Exercise
Straight-Line Depreciation (with salvageable value)
Activity-Based Method
Depreciation – Practice!
Week 11 – Sale of Fixed Assets
1 Practice Exercise
Sale of Fixed Asset – Practice!
Week 11 – Goodwill
1 Practice Exercise
Goodwill – Practice!
Week 12 – Notes Payable
1 Concept
|
2 Practice Exercises
Note Payable
Notes Payable – Practice!
Notes Receivable – Practice!
Week 12 – Payroll
3 Concepts
|
1 Practice Exercise
Employer vs. Employee Burdens
Salaries Expense
Payroll Tax Expense
Payroll – Practice!
Week 12 – Gift Cards & Sales Tax
1 Practice Exercise
Gift Cards & Sales Tax – Practice!
Week 13 – Bonds
5 Concepts
|
1 Practice Exercise
What is a bond?
Annuity Payments
Stated vs. Effective Interest Rate
Issued at discount
Issued at premium
Bonds – Practice!
Week 13 – Stocks & Dividends
5 Concepts
|
2 Practice Exercises
What are stocks?
Common Stock Shares
Preferred Shares
Buying Treasury Stock
Dividends
Stocks – Practice!
Dividends – Practice!
Practice Final Exam – ACC 221
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Week 11 – Depreciation
ACC 221 Final Exam Cram Kit
Week 11 – Depreciation
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Straight-Line Depreciation (with salvageable value)
Activity-Based Method
Depreciation – Practice!
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