E 2.05 – Terms and Phrases
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Pair Item in A-List With Item in B-List Associated
Pair Item in A-List With Item in B-List Associated
They ask you to find the effect on 3 ratios (current, acid-test, debt to equity) of 11 items such as issuing bonds, a note, pay accts payable, etc.
Describe the dual effect on the accounting equation.
Provide an explanation for each transaction.
Your numbers will vary.