Accounting-Financial statement Flashcards


Once the time period has been established, accountants use GAAP to record and report that accounting period’s transactions. An economic entity’s accounting records include only quantifiable transactions. Certain economic events that affect a company, such as hiring a new chief executive officer or introducing a new product, cannot be easily quantified in monetary units and, therefore, do not appear in the company’s accounting records. Furthermore, accounting records must be recorded using a stable currency. Businesses in the United States usually use U.S. dollars for this purpose.

At the the door is installed, and if the door swing is reversed in the future, the door must meet all the requirements specified in 404. Additionally, the door swing cannot reduce the required width of an accessible route. Also, avoid violating other building or life safety codes when the door swing is reversed. Signs provided at entrances to parking facilities informing drivers of clearances and the location of van accessible parking spaces can provide useful customer assistance. Diagonal or Corner Type Curb Ramps406.7 Islands. Raised islands in crossings shall be cut through level with the street or have curb ramps at both sides.

Lease Acquisition Cost

In units, grab bars shall not be required to be installed in toilet or bathrooms provided that reinforcement has been installed in walls and located so as to permit the installation of grab bars complying with 604.5. Further, the residential dwelling units provided must be dispersed according to HUD’s Section 504 criteria.

What is the correct way to write the accounting equation?

The correct form of accounting equation is Assets – Liabilities = Equity. It can also be written as Assets = Liabilities + Equity. This equation is also known as the balance sheet equation.

Activity measures machine hours. One type of long-termPROMISSORY NOTE, frequently issued to the public as aSECURITYregulated under federal securities laws or state BLUE SKY LAWS. Bonds can either be registered in the owner’s name or are issued as bearer instruments.

Unearned Income

In contemplating an investment in a public or private entity, there is certain information that will logically be needed to guide the decision process. What types of information is desired?

inches minimum

The providing of various accounting or data-processing services by an accountant, the output of which is in the form of financial statements ostensibly to be used solely for internal management purposes. In the chart of accounts, the balance sheet accounts are normally listed in which order?

The Balance Sheet

All van parking spaces shall be permitted to be grouped on one level within a multi-story parking facility. Accessible routes shall coincide with or be located in the same area as general circulation paths. Where circulation paths are interior, required accessible routes shall also be interior. Examples of “same services” include, but are not limited to, bar service, rooms having smoking and non-smoking sections, lotto and other table games, carry-out, and buffet service. Examples of “same decor” include, but are not limited to, seating at or near windows and railings with views, areas designed with a certain theme, party and banquet rooms, and rooms where entertainment is provided. In air traffic control towers, an accessible route shall not be required to serve the cab and the floor immediately below the cab. Residential dwelling units not required to be accessible in compliance with a standard issued pursuant to the Americans with Disabilities Act or Section 504 of the Rehabilitation Act of 1973, as amended, shall not be required to comply with 202.3.

However, where mooring systems for floating piers are replaced as part of pier alteration projects, an opportunity may exist for increasing accessibility. Piers may be reconfigured to allow an increase in the number of wider finger piers, and serve as accessible boat slips. Designs that limit the number of transfers required from a wheelchair or mobility device to the ride seat are encouraged. When using a transfer device to access an amusement ride, the least number of transfers and the shortest distance is most usable. Where possible, designers are encouraged to locate the transfer device seat no higher than 17 to 19 inches above the load and unload surface. Where a series of transfers are required to reach the amusement ride seat, each vertical transfer should not exceed 8 inches .