Identifying Accounting Principles

Essay

Identifying accounting principles.

Indicate the accounting principle or procedure apparently used to record each of the following independent transactions. Also, describe the transaction or event recorded in each case.
a. Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
Dividend Revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X

b. Unrealized Holding Loss on
Marketable Securities Available for Sale . . . . . . . . . . . . . . . . . . . . X
Marketable Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X

c. Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
Investment in Affiliated Company. . . . . . . . . . . . . . . . . . . . . . X

Dividend declared and received from affiliated company.

d. Bad Debt Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . X

e. Rent Expense for Lease . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .X
Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Investment in Affiliated Company. . . . . . . . . . . . . . . . . . . . . . . . . . . X
Equity in Earnings of Affiliated Company . . . . . . . . . . . . . . . . X

g. Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
Accounts Receivable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . X

h. Loss from Price Decline of Inventories. . . . . . . . . . . . . . . . . . . . . . . X
Merchandise Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . X

i. Liability Under Long-Term Lease . . . . . . . . . . . . . . . . . . . . . . . . X
Interest Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X

j. Treasury Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X

k. Interest Rate Swap Contract. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
Gain on Remeasurement of Swap Contract
(Income Statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X