The correct matching will be as follows:
Dividends = Stockholders Equity
Dividend is paid to equity shareholders and is neither a revenue nor an expense for the company but rather a distribution of profits
Prepaid Insurance = Expenses
Since the expense is paid in advance, it also becomes an asset
Unearned Rent – Liabilities
Since the rent is not yet earned
Fees Earned – Revenue
Patents – Assets
Intangible assets are also assets
Scoring: Your score will be based on the number of correct matches. There is no penalty...
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 Unearned Rent Stockholders' Equity Prepaid Insurance Expenses Fees Earned Liabilities Patents Revenue Dividends Dividends Assets
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. Match the type of account with the business transactions that follow. Clear All None of these choices are correct. Unearned revenue Prepaid expense Received six months of rental payments from a tenant. Annual depreciation on equipment, recorded on a monthly basis. Paid six months of rental payments to the landlord. A contract to provide tutoring services beginning next month...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match each ratio that follows to its use. Items may be used more than once. Clear All Quick ratio Indicate future earnings prospects. Dividends per share < Indicate the ability to pay current liabilities. Return on total assets Assess how effectively assets are used Asset turnover ratio Indicate instant debt-paying ability Retum on common stockholders' equity Indicate instant debt-paying...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match each ratio that follows to its use. Iterns may be used more than once. Clear All Quick ratio Indicate future earnings prospects. Dividends per share Indicate the ability to pay current liabilities Return on total assets Assess how effectively assets are used. Asset turnover ratio
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 incorrect or missing matches. Match the type of account with the business transactions that follow. Clear All Received payment covering a 6-month magazine subscription. Prepaid expense Received 6 months of rental payments from a tenant. Accrued expense Annual depreciation on equipment, recorded on a monthly basis. Unearned revenue A contract to provide tutoring services beginning next month was signed. Accrued revenue Provided tutoring...
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 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 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