Accounting & Finance Basics
The assumption that businesses will continue to operate for the foreseeable future unless evidence suggests otherwise, is called _____ in the FASB Codification.
What is Going Concern?
Meet the Firms was held at _____.
What is Tink?
Who does Leonardo Dicaprio play in The Wolf of Wall Street?
Jordan Belfort
Who is the current Vice President of Beta Alpha Psi
Merry Ding
Who has the most followers on TikTok?
Khaby Lame
What is the depreciable life of commercial property
39 Years
What's the name of the yellow building in between PBL and Tink
Who is the actor for the main character in The Accountant
Ben Affleck
Chandler King
What year was Case Western Reserve University formed?
1967!
What is the break-even formula?
Fixed costs / (sales revenue – variable costs)
Where on campus can you order “The Cedar with Coffee”.
What is Elephant Step Inn?
Which actor that stars in American Psycho also stars in The Big Short?
Who is Christian Bale?
Which member of the BAP exec team is a transfer student?
Lily Haynes
What finance/accounting professor at CWRU says "folks" a lot
Professor Olavarria
At the end of the first year of operations, Macy’s had gross accounts receivable of $300,000. Macy’s management estimates that 6% of the accounts will prove uncollectible. What journal entry should Macy’s record to establish an allowance for doubtful accounts?
Bad debt expense 18,000
Allowance for doubtful accounts 18,000
I’m a place where you can take a stroll from your dorm to study while looking at world-renowned art.
What is the Cleveland Museum of Art (CMA)?
What baseball team is the focus of Moneyball
Which exec member grew up in Crozet, Virginia
Aleena Patel
What is the most common major at CWRU
Computer Science
What are the five steps of revenue recognition?
1. identify the contract
2. identify the performance obligations
3. determine the transaction price
4. Allocate the transaction price
5. Recognize revenue
What is the unofficial name of the arch by Raymond that you shouldn't walk under...if you want to graduate.
The ugly statue
Who is the actor for the dad in Pursuit of Happyness
Will Smith
Who was the president of BAP in 2022
Miles Kostolansky
What freshman dorm did George Merrifield live in?
Taft