Homework Answers
The correct matching is as follows:
a.Assets – Economic resources that will be used by business to produce revenue
b.Common Stock – Certificate that evidence ownership in a company
c.Creditors – Individuals or institutions that have loaned goods or services to a business
d.Liability – An obligation to pay cash in future
e.Retained Earnings – Assets – Liabilities – Common Stock
f.Stockholders – Individuals or institutions that have contributed assets or services to a business in exchange for an ownership interest in the business
g.Stockholders’ Equity – Common Stock + Retained Earnings
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Required Select the terms (identified as a through g) with the definitions and phrases. Phrases Definition...
A- Select the terms (identified as a through g) with the definitions and phrases . a....
A- Select the terms (identified as a through g) with the
definitions and phrases
.
a. Assets 1. Individuals or institutions that have contributed assets or services toa b. Common Stock c. Creditors d. Liability e. Retained Earnings 5.An obligation to pay cash in the future f. Stockholders business in exchange for an ownership interest in the business. 2. Common Stock Retained Earnings 3. Certificates that evidence ownership in a company 4. Assets-Liabilites-Common Stock 6. Individuals or institutions that have...
Exercise 1-4 Key definitions and missing information in the accounting equation Required a. Match the terms...
Exercise 1-4 Key definitions and missing information in the accounting equation Required a. Match the terms (identified as a through g) with the definitions and phrases (marked I through 7) For example the term "a. Assets" matches with definition 7. Economic resources that will be used by a business to produce revenue. a. Assets 1. Individuals or institutions that have contributed assets or services to a business in exchange for an ownership interest in the business. 2. Common Stock +...
Required a. Match the terms (identified as a through g) with the definitions and phrases. For...
Required a. Match the terms (identified as a through g) with the definitions and phrases. For example the term "a. Assets" matches with definition, Economic resources that will be used by a business to produce revenue. b. Calculate the missing amounts in the following table: Complete this question by entering your answers in the tabs below. Required A Required B Calculate the missing amounts in the following table: Company Liabilities + $ 46,000 + Assets = = 89,500 = 91,000...
nework Required a. Select the terms (identified as a through g) with the definitions and phrases....
nework Required a. Select the terms (identified as a through g) with the definitions and phrases. b. Calculate the missing amounts in the following table: Complete this question by entering your answers in the tabs below. Required A Required B Calculate the missing amounts in the following table: Company Assets = 93,000) = 95.000 99 700 = Liabilities $ 42,000 - - 14.800 - 27.000 - Stockholders' Equity Common Retained Stock Earnings $ 52.600 - $ 36.400 24 400 -...
Choose the appropriate term to match the term and the definition. Not all definitions will be...
Choose the appropriate term to match the term and the definition. Not all definitions will be used. _____ Corporation _____ Par value _____ Growth investment (stock) _____ LLC _____ Current dividend preference _____ Partnership _____ Market value _____ Income investment (stock) _____ Cumulative dividend preference _____ Sole proprietorship A. When preferred stockholders are paid dividends before other stockholders. B. When stockholders prefer to receive dividends at the end of the year rather than each quarter. C. The current stock price....
19) Presented below are terms or phrases preceded by letters (a) through C) and followed by...
19) Presented below are terms or phrases preceded by letters (a) through C) and followed by a list of definitions I through 10. Match the correct definitions with the terms or phrases by placing the letter of the term or phrase in the answer space provided at the beginning of the definition. (a) Budget (b) Capital expenditures budget (c) Activity-based budgeting (d) Sales budget (e) Production budget (f) Cash budget (g) Budgeted balance sheet (h) Continuous budgeting Selling expense budget...
Score: 10 EF1-19 (book/static) Consider the following accounting terms and definitions, and match each term to...
Score: 10 EF1-19 (book/static) Consider the following accounting terms and definitions, and match each term to the definition: (Click the icon to view the definitions.) (Abbreviations used: Stmt. = Statement, ret. = retained; beg. = beginning.) Term Definition 1. Accounting equation 2. Asset 3. Balance sheet Expense 4. 5. Income statement 6. 7. Liability Net income 8. Net loss 9. Revenue 10. Stmt. of cash flows 11. Stmt. of ret. earnings More Info a. b. c. e. An economic resource...
e1-19 E1-19 Using accounting vocabulary Consider the following accounting terms and definitions, and match each term...
e1-19
E1-19 Using accounting vocabulary Consider the following accounting terms and definitions, and match each term to the definition: Learnin 1. Accounting equation a. An economic resource that is expected to be of benefit in the future 2. Asset b. Debts that are owed to creditors 3. Balance sheet c. Excess of total expenses over total revenues 4. Expense d. Excess of total revenues over total expenses 5. Income statement 6. Liability e. The basic tool of accounting, stated as...
only the final answers plz 1. Which definition below best describes financial accounting? A. Process of...
only the final answers plz
1. Which definition below best describes financial accounting? A. Process of measuring income taxes owed to the government. B. System of maintaining communication with a company's customers and suppliers. C. Procedures designed to enhance the company's image to potential investors. D. Measuring business activities and communicating them to external parties. 2. Liabilities can be best described as: A. The amount of expenses over the past year. B. The amount expected to be distributed to stockholders....
1. Match the following definitions w the following definitions with terms 1 through 8. Place the...
1. Match the following definitions w the following definitions with terms 1 through 8. Place the letter that identifies the best definition in the blank space next to the term. (8 points) Going-concern principle 2 Owner withdrawal Revenues Statement of changes in equity. Net assets Cost principle Objectivity principle Assets 1. Assets an owner takes from the company for personal use 2. A principle that requires the information in financial statements to be supported by independent unbiased evidence 3. A...
A- Select the terms (identified as a through g) with the
definitions and phrases
.
a. Assets 1. Individuals or institutions that have contributed assets or services toa b. Common Stock c. Creditors d. Liability e. Retained Earnings 5.An obligation to pay cash in the future f. Stockholders business in exchange for an ownership interest in the business. 2. Common Stock Retained Earnings 3. Certificates that evidence ownership in a company 4. Assets-Liabilites-Common Stock 6. Individuals or institutions that have...
Exercise 1-4 Key definitions and missing information in the accounting equation Required a. Match the terms (identified as a through g) with the definitions and phrases (marked I through 7) For example the term "a. Assets" matches with definition 7. Economic resources that will be used by a business to produce revenue. a. Assets 1. Individuals or institutions that have contributed assets or services to a business in exchange for an ownership interest in the business. 2. Common Stock +...
Required a. Match the terms (identified as a through g) with the definitions and phrases. For example the term "a. Assets" matches with definition, Economic resources that will be used by a business to produce revenue. b. Calculate the missing amounts in the following table: Complete this question by entering your answers in the tabs below. Required A Required B Calculate the missing amounts in the following table: Company Liabilities + $ 46,000 + Assets = = 89,500 = 91,000...
nework Required a. Select the terms (identified as a through g) with the definitions and phrases. b. Calculate the missing amounts in the following table: Complete this question by entering your answers in the tabs below. Required A Required B Calculate the missing amounts in the following table: Company Assets = 93,000) = 95.000 99 700 = Liabilities $ 42,000 - - 14.800 - 27.000 - Stockholders' Equity Common Retained Stock Earnings $ 52.600 - $ 36.400 24 400 -...
19) Presented below are terms or phrases preceded by letters (a) through C) and followed by a list of definitions I through 10. Match the correct definitions with the terms or phrases by placing the letter of the term or phrase in the answer space provided at the beginning of the definition. (a) Budget (b) Capital expenditures budget (c) Activity-based budgeting (d) Sales budget (e) Production budget (f) Cash budget (g) Budgeted balance sheet (h) Continuous budgeting Selling expense budget...
Score: 10 EF1-19 (book/static) Consider the following accounting terms and definitions, and match each term to the definition: (Click the icon to view the definitions.) (Abbreviations used: Stmt. = Statement, ret. = retained; beg. = beginning.) Term Definition 1. Accounting equation 2. Asset 3. Balance sheet Expense 4. 5. Income statement 6. 7. Liability Net income 8. Net loss 9. Revenue 10. Stmt. of cash flows 11. Stmt. of ret. earnings More Info a. b. c. e. An economic resource...
e1-19
E1-19 Using accounting vocabulary Consider the following accounting terms and definitions, and match each term to the definition: Learnin 1. Accounting equation a. An economic resource that is expected to be of benefit in the future 2. Asset b. Debts that are owed to creditors 3. Balance sheet c. Excess of total expenses over total revenues 4. Expense d. Excess of total revenues over total expenses 5. Income statement 6. Liability e. The basic tool of accounting, stated as...
only the final answers plz
1. Which definition below best describes financial accounting? A. Process of measuring income taxes owed to the government. B. System of maintaining communication with a company's customers and suppliers. C. Procedures designed to enhance the company's image to potential investors. D. Measuring business activities and communicating them to external parties. 2. Liabilities can be best described as: A. The amount of expenses over the past year. B. The amount expected to be distributed to stockholders....
1. Match the following definitions w the following definitions with terms 1 through 8. Place the letter that identifies the best definition in the blank space next to the term. (8 points) Going-concern principle 2 Owner withdrawal Revenues Statement of changes in equity. Net assets Cost principle Objectivity principle Assets 1. Assets an owner takes from the company for personal use 2. A principle that requires the information in financial statements to be supported by independent unbiased evidence 3. A...
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