What NOT true for Accounting a troubled debt restructuring?
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Asks which not true concerning a troubled debt restructuring.
When accounting for a long-term construction contract (% of completion), gross profit debited to:
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Asks for the debit entry for gross profit under construction contracts
Which Adjusting Entries Causes Decrease in the Firm Assets?
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Asks for an adjusting entry that would decreases assets.
Which Adjusting Entries causes Increase in Liabilities?
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Asks which would increase liabilities
Which Does Not Apply to a Seller who is Agent?
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Asks which does NOT apply to a seller who is an agent.
Which found in a multiple-step income statement?
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Asks which is more likely to be found on multi-step…
Which is an acceptable way to est. uncertain consideration?
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Asks which is acceptable way to estimate consideration deemed “uncertain”.
Which is Classified as a Cash Equivalent?
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
They give you a list and ask which is a cash equivalent (cash, 30-day treasury bill, money orders, 120-day treasury bill)
Which is Indicator Revenue for Service Recognized over Time?
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Asks about recognizing revenue over time, which is the indicator