Accounting Principles - A Business Perspective, Financial Accounting (Chapters 9 – 18) A Textbook

Accounting Principles: A Business Perspective, Financial Accounting (Chapters 9 – 18) A Textbook Equity Open College Textbook originally by Hermanson, Edwards, and Maher Fearless copy, print, remix(tm) www.textbookequity.com www.opencollegetextbooks.org License: CC-BY-NC-SA ISBN-13: 978-1461160861 ISBN-10: 1461160863 1 About This Publication Simply put, you may copy, print, redistribute, and re-purpose this textbook or parts of this textbook provided that you give attribution (credit) to Textbook Equity, and provided that any derivative work has the same Creative Commons license (CC-BY-NC-SA). That’s it. Textbook Equity, in turn, provides attribution, with thanks, to the Global Text Project, who provided the source textbook. Consistent with it’s strategic mission to provide free and low-cost textbooks, this is Textbook Equity’s derivative work based on “Accounting Principles: A Business Perspective, First Global Text Edition, Volume 1, Financial Accounting”, utilizing the permissions granted by it’s Creative Commons license. Global Text Project nor the original authors endorse or are responsible in any way for this printing or it’s contents. Textbook Provenance (1998 - 2011) 1998 Edition Accounting: A Business Perspective (Irwin/Mcgraw-Hill Series in Principles of Accounting) [Hardcover] Roger H. Hermanson (Author), James Don Edwards (Author), Michael W. Maher (Author) Eighth Edition Hardcover: 944 pages Publisher: Richard D Irwin; 7 Sub edition (April 1998) Language: English ISBN-10: 0075615851 ISBN-13: 978-0075615859 Product Dimensions: 11.1 x 8.7 x 1.8 inches Current Hardbound Price $140.00 (Amazon.com) 2010 Editions (http://globaltext.terry.uga.edu/books/) Global Text Project Conversion to Creative Commons License CC-BY “Accounting Principles: A Business Perspective First Global Text Edition, Volume 1 Financial Accounting”, Revision Editor: Donald J. McCubbrey, PhD. PDF Version, 817 pages, Free Download “Accounting Principles: A Business Perspective First Global Text Edition, Volume 2 Managerial Accounting”, Revision Editor: Donald J. McCubbrey, PhD. PDF Version Volume 2, 262 pages, Free Download 2011 Editions (http://opencollegetextbooks.org) Textbook Equity publishes this soft cover version using a the CC-BY-NC-SA license. They divided Volume 1 into two sections to fit paperback publishing requirements and made other formatting changes. No content changes were made to Global Text’s version. Versions available at the Open College Textbook repository: 2 • PDF Version, Section 1 of Volume 1 (Chapters 1 – 8), 436 pages, Free Download • Textbook Equity Paperback, Volume 1 Financial Accounting (Chapters 1 – 8), 436 pages, List Price $24.95 • PDF Version, Volume 1 Financial Accounting (Chapters 9 – 18), Free Download • Textbook Equity Paperback, Volume 1 Financial Accounting (Chapters 9 – 18), List Price $24.95 • PDF Version Volume 2, (Chapters 19 – 26), Free Download • Textbook Equity Paperback, Volume 2 Managerial Accounting (Chapters 19 – 24), List Price $24.95 For original author information and acknowledgments see opencollegetextbooks.org 3 Table of Contents 9 Receivables and payables.............................................................................11 9.1 Learning objectives..........................................................................................................11 9.2 A career in litigation support...........................................................................................11 9.3 Accounts receivable.........................................................................................................13 9.4 Current liabilities............................................................................................................26 9.5 Notes receivable and notes payable................................................................................35 9.6 Short-term financing through notes payable.................................................................42 9.7 Analyzing and using the financial results—Accounts receivable turnover....................45 9.8 Key terms........................................................................................................................50 9.9 Self test............................................................................................................................52 9.10 Questions.......................................................................................................................54 9.11 Exercises........................................................................................................................56 9.12 Problems........................................................................................................................58 9.13 Alternate problems........................................................................................................61 9.14 Beyond the numbers—Critical thinking........................................................................63 9.15 Using the Internet—A view of the real world................................................................65 9.16 Answers to self test........................................................................................................66 10 Property, plant, and equipment.................................................................68 10.1 Learning objectives........................................................................................................68 10.2 A company accountant`s role in managing plant assets...............................................68 10.3 Nature of plant assets...................................................................................................69 10.4 Initial recording of plant assets.....................................................................................71 10.5 Depreciation of plant assets..........................................................................................77 10.6 Subsequent expenditures (capital and revenue) on assets..........................................90 10.7 Subsidiary records used to control plant assets...........................................................94 10.8 Analyzing and using the financial results—Rate of return on operating assets...........97 10.9 Key terms.....................................................................................................................101 10.10 Self-test......................................................................................................................102 10.11 Exercises.....................................................................................................................106 4 10.12 Problems....................................................................................................................109 10.13 Alternate problems.....................................................................................................112 10.14 Beyond the numbers—Critical thinking.....................................................................115 10.15 Using the Internet—A view of the real world.............................................................118 10.16 Answers to self-test....................................................................................................118 11 Plant asset disposals, natural resources, and intangible assets.................120 11.1 Learning objectives.......................................................................................................120 11.2 A company accountant`s role in measuring intangibles..............................................120 11.3 Disposal of plant assets................................................................................................122 11.4 Sale of plant assets.......................................................................................................122 11.5 Natural resources.........................................................................................................133 11.6 Intangible assets...........................................................................................................138 11.7 Analyzing and using the financial results—Total assets turnover...............................147 11.8 Key terms......................................................................................................................155 11.9 Self-test.........................................................................................................................156 11.10 Problems.....................................................................................................................162 11.11 Alternate problems.....................................................................................................166 11.12 Beyond the numbers-Critical thinking.......................................................................170 11.13 Using the Internet—A view of the real world.............................................................173 11.14 Answers to self-test.....................................................................................................173 12 Stockholders` equity: Classes of capital stock............................................175 12.1 Learning objectives.......................................................................................................175 12.2 The accountant as a corporate treasurer.....................................................................175 12.3 The corporation............................................................................................................176 12.4 Analyzing and using the financial results—Return on average common stockholders` equity.......................................................................................................................................202 12.5 Key Terms....................................................................................................................209 12.6 Self-test........................................................................................................................212 12.7 Exercises.......................................................................................................................215 12.8 Problems......................................................................................................................216 12.9 Alternate problems.....................................................................................................220 12.10 Beyond the numbers—Critical thinking....................................................................225 5 ... - tailieumienphi.vn