A. Matching
Instructions: Match each of the statements below with its properterm.
A. deficiency Q. aging the receivables
B. cumulative preferred stock R. discount
C. notes receivable S. trademark
D. boot T. liquidation
E. dishonored note receivable U. patents
F. stock V. realization
G. promissory note W. trade-in allowance
H. outstanding stock X. stock split
I. direct write-off method Y. statement of members'equity
J. capital expenditures Z. cash dividend
K. accounts receivable turnover AA. intangible assets
L. partnership agreement BB. depreciation
M. stock dividend CC. goodwill
N. common stock DD. Declining-balance method
O. par
P. limited liability company
1. The sotck outstanding when a corporation has issuedonlu oneclass of stock.
2. Shares of ownership of a corporation.
3. The monetary amount printed on a stock certificate.
4. The systematic periodic transfer of the cost of a fixed asset toan expense
account during itsexpected useful life.
5. The method of accounting for uncollectible accounts thatrecognizes
the expense only when accounts are judged to be worthless.
6. The sale of assets when a partnership is being liquidated.
7. The costs of acquiring fixed assets, adding to a fixedasset,
improving a fixed asset, or extending a fixed asset's usefullife.
8. An intangible asset that is created from such favorable factorsas location,
product quality, reputation, and managerial skill.
9. A business form consisting of one or more persons or entitiesfiling an
operating agreement with a state to conduct business withlimited
liability to the owners, yet treated as a partnership for taxpurposes.
10. A name, term, or symbol used to identify a business and itsproducts.
11. A class of preferred stock that has a right to receive regulardividends
that have been passed (not declared) before any common stockdividends
are paid.
12. A written promise to pay a sume of money on demand ot at adefinite time.
13. A distribution of shares of stock to its stockholders.
14. A method of depreciation that provides periodic depreciationexpense
based on the declining book value of a fixed asset over itsestimated life.
15. A cash distribution of earnings by a corporation to itsshareholders.
16. The debit balance in the owner's equity account of apartner.
17. The amount a seller allows a buyer for a fixed asset that istraded in for a
similar asset.
18. According to various age groupings, with the due date being thebase
point for determining age.
19. The excess of the par value of a stock over its issueprice.
20. A summary of the changes in each member's equity of a limitedliability
company that have occurred during a specific period of time.
21. Measures how frequently during the year the accounts receivableare
being converted to cash.
22. The amount a buyer owes a seller when a fixed asset is tradedin on a
similar asset.
23. A reduction in the par or stated value of a common stock andthe issuance
of a proportionate number of additional shares.
24. Amounts customers owe, for which a formal written instrument ofcredit
has been issued.
25. A note that the maker fails to pay on the due date.
26. Long-term assets that are useful in the operations of abusiness, are not
held for sale, and are without physical qualities.
27. The formal written contract creating a partnership.
28. Exclusive rights to produce and sell goods with one or moreunique features.
29. The stock in the hands of stockholders.
30. The winding-up process when a partnership goes out ofbusiness.
A. Matching
Instructions: Match each of the statements below with its properterm.
A. deficiency Q. aging the receivables
B. cumulative preferred stock R. discount
C. notes receivable S. trademark
D. boot T. liquidation
E. dishonored note receivable U. patents
F. stock V. realization
G. promissory note W. trade-in allowance
H. outstanding stock X. stock split
I. direct write-off method Y. statement of members'equity
J. capital expenditures Z. cash dividend
K. accounts receivable turnover AA. intangible assets
L. partnership agreement BB. depreciation
M. stock dividend CC. goodwill
N. common stock DD. Declining-balance method
O. par
P. limited liability company
1. The sotck outstanding when a corporation has issuedonlu oneclass of stock.
2. Shares of ownership of a corporation.
3. The monetary amount printed on a stock certificate.
4. The systematic periodic transfer of the cost of a fixed asset toan expense
account during itsexpected useful life.
5. The method of accounting for uncollectible accounts thatrecognizes
the expense only when accounts are judged to be worthless.
6. The sale of assets when a partnership is being liquidated.
7. The costs of acquiring fixed assets, adding to a fixedasset,
improving a fixed asset, or extending a fixed asset's usefullife.
8. An intangible asset that is created from such favorable factorsas location,
product quality, reputation, and managerial skill.
9. A business form consisting of one or more persons or entitiesfiling an
operating agreement with a state to conduct business withlimited
liability to the owners, yet treated as a partnership for taxpurposes.
10. A name, term, or symbol used to identify a business and itsproducts.
11. A class of preferred stock that has a right to receive regulardividends
that have been passed (not declared) before any common stockdividends
are paid.
12. A written promise to pay a sume of money on demand ot at adefinite time.
13. A distribution of shares of stock to its stockholders.
14. A method of depreciation that provides periodic depreciationexpense
based on the declining book value of a fixed asset over itsestimated life.
15. A cash distribution of earnings by a corporation to itsshareholders.
16. The debit balance in the owner's equity account of apartner.
17. The amount a seller allows a buyer for a fixed asset that istraded in for a
similar asset.
18. According to various age groupings, with the due date being thebase
point for determining age.
19. The excess of the par value of a stock over its issueprice.
20. A summary of the changes in each member's equity of a limitedliability
company that have occurred during a specific period of time.
21. Measures how frequently during the year the accounts receivableare
being converted to cash.
22. The amount a buyer owes a seller when a fixed asset is tradedin on a
similar asset.
23. A reduction in the par or stated value of a common stock andthe issuance
of a proportionate number of additional shares.
24. Amounts customers owe, for which a formal written instrument ofcredit
has been issued.
25. A note that the maker fails to pay on the due date.
26. Long-term assets that are useful in the operations of abusiness, are not
held for sale, and are without physical qualities.
27. The formal written contract creating a partnership.
28. Exclusive rights to produce and sell goods with one or moreunique features.
29. The stock in the hands of stockholders.
30. The winding-up process when a partnership goes out ofbusiness.
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