Under US GAAP, if you own 50% of a company, what is the appropriate accounting method?

How are prior period adjustments reflected in current net income?

Which of the following will be NOT found on the cash flow statement?

How do you calculate double declining depreciation (first year)?

A firm has a patent that they would like to expense over its useful life. Which of the following would the firm credit to record this expense over the patent’s life?

The basic earnings per share calculation excludes:

The terms 2/10, n/30 mean?

How are Accounts Receivables classified on the Balance Sheet?

If Assets = $25,000 and Liabilities = $15,000 what is the amount of equity?

The acronym for the common rules and standards that companies must follow when preparing its external financial statements is ______.

Which of the following is the correct format for the balance sheet in order of occurrence?