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final exam FACC with Questions and Answers
accrued liabilties - expenses recorded but not yet paid (ex: income tax) accrued payroll - Amount earned by employees but not yet paid to them. This is a liability. book value - cost - accumulated depreciation callable bond - may be called for early retirement at the option of the issuer capital expenditures - spending to purchase long lived tangible assets capitalize - record an expenditure as an asset carrying value - bonds payable plus the premium or less the discount on bonds payable ...
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accrued liabilties - expenses recorded but not yet paid (ex: income tax) accrued payroll - Amount earned by employees but not yet paid to them. This is a liability. book value - cost - accumulated depreciation callable bond - may be called for early retirement at the option of the issuer capital expenditures - spending to purchase long lived tangible assets capitalize - record an expenditure as an asset carrying value - bonds payable plus the premium or less the discount on bonds payable ...