Misc. Flashcards
1
Q
ending inventory
A
beg inv + purchases - COGS
2
Q
SL dep
A
cost - salvage value / useful life
3
Q
DDB depreciation
A
(2/useful life)(cost -accum dep)
4
Q
income tax expense
A
taxes payable + chngeDTL-chngeDTA
5
Q
interest expense
A
(market rate at issue)(bal. sheet value of liability at beg of period)