f1 m2 Flashcards

1
Q

North Carolina

A

Net sales

Cost of sales

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2
Q

Gross margin menmonic?

A

North Carolina

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3
Q

Student
Government
Dollar

A

Selling expense
G&A
Depreciation

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4
Q

Income from operation menmonic?

A

Student government dollars

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5
Q

Office of Inspection General

A

Other revenue
Interest
Gain on sale of fixed asset

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6
Q

Before unsusual item and tax menmonic?

A

Office of Inspection General

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7
Q

SAS

A

Sale of Available Security

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8
Q

Income before income tax menmonic?

A

SAS

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9
Q

Frying Pan Ink (inside)

A

Freight in = Purchase, Inventory

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10
Q

Sniper FSA(big sniper, small soldiers)

A

Selling expense = Freight out Salaries Ads

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11
Q

GOSALI

A

G&A = Office Salaries, Accounting, Legal, Insurance

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12
Q

IAN

A

Interest , Auxiliary = Nonoperating

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13
Q

Freight in menmonic?

A

Frying Pan Ink

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14
Q

Selling expense menmonic?

A

Sniper FSA

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15
Q

Non-operating menmonic?

A

IAN

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16
Q

G&A menmonic?

A

GOSALI

17
Q

CATNIP

A
Cash and cash equivlent
Accounts recievable
Trading securities
Notes recievable
Inventory
Prepaid expenses
18
Q

ACINUS (organ, imagine a nasty human organ)

A
Accounts payable
Current portion of long term debt
Inventory
Notes payable
Unearned revenue
Salaries payable
19
Q

Boston Tea Party

A

Bonds payable
Tax liability deferred
Pension and other post retirement benefit

20
Q

Treasury CRAP(imagine fed shitting)

A
Treasury stock
Capital stock
Retained earnings
Accumulated OCI
Paid in capital excess of par
21
Q

Current Assets

A

CATNIP

22
Q

Current liabilities

A

ACINUS

23
Q

Long term liabilities

A

Boston Tea Party

24
Q

Stock holderequity

A

Treasury CRAP