Equity Transactions

STOCKHOLDERS’ EQUITY Accounting for Equity Transactions 1. Issuance of common stock: Par value portion is recorded in common stock. Price … More

Liabilities

CURRENT LIABILITIES Accounting for Current Liabilities 1. Current liabilities: Liabilities that are expected to be paid within a year or … More

Noncurrent assets

Noncurrent assets are the assets that are expected to be converted into cash after a year or normal operating cycle, … More

Depreciation Methods

Depreciation is the process of allocating the cost of property, plant and equipment over the life of the asset. Depreciation … More

Cost of Inventory

Goods in Transit Entity A sold $25,000 merchandise to Entity B with the terms of FOB destination on December 22, … More