Financial Accounting - Fall 2008. Thursday, November 20, 2008. Studying for the Final - Part 3. Dividends at declaration, record and payment dates. Recording and payment of wages. Initial purchase of a long-term asset. Depreciation of a Long-Term Asset. Ordinary repair and maintenance of long-term assets. Extraordinary repair that extends useful life of assets. Additions and betterments of long-term assets.

Tuesday, March 10, 2009. Notes on Chapter 9 - Economic Fluctuations. In the long run, the economy, measured by GDP, is constantly growing. You can see the long-term GDP growth trend in the graph of US GDP from 1947 through the end of 2008. Short-run fluctuations in output and employment are often correlated and known as the business cycle. 2 Understand differences between short-run and long-run economic behavior. Our ultimate goal is to understand the e.