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Financial Accounting Exam 3 Study Guide: Receivables, Plant Assets, and Long-Term Liabilities

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Types of Receivables

Net Accounts Receivable: Direct Write-off Method

Net Accounts Receivable: Percentage of Sales Method

Net Accounts Receivable: Aging of Receivables Method

Initial Cost of Long Lived Assets

Depreciation: Straight Line

Depreciation: Units-of-Activity

Depreciation: Declining Balance

Intangible Assets and Amortization

Natural Resources and Depletion

Introduction to Bonds and Bond Characteristics

Face Value Bonds

Discount on Bonds

Premium on Bonds

Straight Line Amortization of Bond Premium or Discount

Effective Interest Amortization of Bond Premium or Discount