Financial Statement Analysis Chapter 4

2062 WordsJun 10, 20129 Pages
Financial Statement Analysis K R Subramanyam John J Wild McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. 4-2 Analyzing Investing Activities 4 CHAPTER 4-3 Current Asset Introduction Classification Current (Short-term) Assets Resources or claims to resources that are expected to be sold, collected, or used within one year or the operating cycle, whichever is longer. Noncurrent (Longterm) Assets Resources or claims to resources that are expected to yield benefits that extend beyond one year or the operating cycle, whichever is longer. 4-4 Current Asset Introduction Cash, Cash Equivalents and Liquidity Cash Currency, coins and amounts on deposit in bank…show more content…
Cost of Units Goods ÷ available on Available for the date of Sale sale 4-18 Inventories Illustration of Costing Methods Inventory on January 1, Year 2 Inventories purchased during the year Cost of Goods available for sale 40 @ $500 $ 20,000 60 @ $600 100 units
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