Misc. Flashcards

1
Q

ending inventory

A

beg inv + purchases - COGS

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2
Q

SL dep

A

cost - salvage value / useful life

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3
Q

DDB depreciation

A

(2/useful life)(cost -accum dep)

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4
Q

income tax expense

A

taxes payable + chngeDTL-chngeDTA

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5
Q

interest expense

A

(market rate at issue)(bal. sheet value of liability at beg of period)

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