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Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or mis matches. Matching 10-80 Part II Stockholders' Equity Terminology A list of terms and a list of definitions or examples are presented below. Match the list of terms with their appropriate definitions or examples. Clear All treasury stock Capitalizes retained earnings stock dividend Shares issued minus treasury shares preferred stock Shares that never earn dividends. outstanding shares Shares that may earn...
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Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the type of account with the business transactions that follow. Clear All Paid for one year's insurance policy. Prepaid expense Retainer fee received from a client for future legal representation Accrued expense Paid for a 6-month magazine subscription Unearned revenue Electric bill to be paid next month. Accrued revenue Annual property taxes that are paid at the end...
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Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. 1) Identify which inventory costing method (LIFO or FIFO) achieves the effect listed in the following items. Clear All Prices are rising; profits are higher with this method. LIFO Prices are rising; cost of goods sold is lower with this method. FIFO Prices are declining; income taxes are higher with this method. Prices are declining; gross margin is higher...
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Scoring: Your score will be based on the number of correct matches. There is no penalty for Match each of the following costs of producing T-shirts with the appropriate classification. Clear All Advertising costs of $12,000 per month Accounting salaries Fixed cost Color dyes for producing different colors of T-shirts Variable cost Salay of the production supervisor Mixed cost Straight-line depreciation on sewing machines
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Scoring: Your score will be based on the number of correct
matches. There is no penalty for incorrect or missing matches.
Match the following descriptions with the term (a-e) it
describes:
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the following descriptions with the term (a-e) it describes: Clear All normal standard Favorable cost variance theoretical standard Unfavorable cost variance an example is the number...
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Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. The following are some of the costs incurred by Cupcake Company. Identify them as either: Clear All Factory rent Salesman commissions Depreciation expense- factory Conversion costs Baker's wages Prime costs Frosting Neither prime or conversion costs Baker's wages Prime costs Frosting Neither prime or conversion costs Depreciation expense-office Both prime and conversion costs Sprinkles for decoration (indirect material) Cupcake...
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Scoring: Your score will be based on the number of correct
matches. There is no penalty for incorrect or missing matches.
Match each of the following costs with the appropriate
classification.
Clear All
Cotton for a textile manufacturer of blue jeans
Bandages for the emergency room of a hospital
Cost of company holiday party
Electricity used to operate factory machinery
State unemployment compensation taxes for factory workers
Period cost - selling expense
Product cost - direct materials
Period cost -...
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Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the terms below for a cake factory to the type of cost. Clear All Depreciation on oven Conversion cost Sprinkles for the topping (considered an indirect material) Prime cost Wages of the baker Both prime cost and conversion Frosting
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Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match each of the following accounts with its proper account group from groups listed below. Clear All Dividends Stockholders' Equity Prepaid Insurance Revenue Unearned Rent Expenses Fees Earned Assets Patents Liabilities
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Scoring: Your score will be based on the number of correct
matches. There is no penalty for incorrect or missing matches.
Match the items below for a cake factory to the type of
cost.
Clear All
Depreciation on oven
Sprinkles for the topping (considered an indirect
material)
Wages of the baker
Frosting
Both prime cost and conversion cost
Conversion cost
Prime cost
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or mis matches. Matching 10-80 Part II Stockholders' Equity Terminology A list of terms and a list of definitions or examples are presented below. Match the list of terms with their appropriate definitions or examples. Clear All treasury stock Capitalizes retained earnings stock dividend Shares issued minus treasury shares preferred stock Shares that never earn dividends. outstanding shares Shares that may earn...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the type of account with the business transactions that follow. Clear All Paid for one year's insurance policy. Prepaid expense Retainer fee received from a client for future legal representation Accrued expense Paid for a 6-month magazine subscription Unearned revenue Electric bill to be paid next month. Accrued revenue Annual property taxes that are paid at the end...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. 1) Identify which inventory costing method (LIFO or FIFO) achieves the effect listed in the following items. Clear All Prices are rising; profits are higher with this method. LIFO Prices are rising; cost of goods sold is lower with this method. FIFO Prices are declining; income taxes are higher with this method. Prices are declining; gross margin is higher...
Scoring: Your score will be based on the number of correct matches. There is no penalty for Match each of the following costs of producing T-shirts with the appropriate classification. Clear All Advertising costs of $12,000 per month Accounting salaries Fixed cost Color dyes for producing different colors of T-shirts Variable cost Salay of the production supervisor Mixed cost Straight-line depreciation on sewing machines
Scoring: Your score will be based on the number of correct
matches. There is no penalty for incorrect or missing matches.
Match the following descriptions with the term (a-e) it
describes:
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the following descriptions with the term (a-e) it describes: Clear All normal standard Favorable cost variance theoretical standard Unfavorable cost variance an example is the number...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. The following are some of the costs incurred by Cupcake Company. Identify them as either: Clear All Factory rent Salesman commissions Depreciation expense- factory Conversion costs Baker's wages Prime costs Frosting Neither prime or conversion costs Baker's wages Prime costs Frosting Neither prime or conversion costs Depreciation expense-office Both prime and conversion costs Sprinkles for decoration (indirect material) Cupcake...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the terms below for a cake factory to the type of cost. Clear All Depreciation on oven Conversion cost Sprinkles for the topping (considered an indirect material) Prime cost Wages of the baker Both prime cost and conversion Frosting
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match each of the following accounts with its proper account group from groups listed below. Clear All Dividends Stockholders' Equity Prepaid Insurance Revenue Unearned Rent Expenses Fees Earned Assets Patents Liabilities