Jokes
What do you call an accountant without a calculator?
What is Lonely
The general accounting equation
What is Assets=Liabilities-Equity?
Statement in which revenues and expenses are recorded
What is the income statement
In 2019 Bens Mechanic shop had Total current liabilities equaling 111,207 and cash equal to 179,485. What is Ben's cash ratio in 2019?
What is 1.61
On what side of the T account is a debit recorded
What is left
What's grey and not there?
What is an accountant on a vacation
The part of the accounting equation in which dividends is recorded on
What is liabilities?
Statement in which the ending retained earnings balance is recorded
What is Statement of Retained Earnings
What does the current ratio tell a company?
What is the company's ability to pay current liabilities from current assets
What type of account is accumulated depreciation
What is Contra
What do accountants suffer from that normal people don't?
What is Depreciation
Liabilities= ?
What is Liabilities= Assets/ Equity
On which statement is Property, Plant, and Equipment recorded?
What is the Balance Sheet
Ben's mechanic shop has preferred dividends of 123,456, net income of 765,983, and common shares outstanding are 13,000. What is the earnings per share?
What is 49.4
What is depreciation called on an intangible asset
What is amortization
What does an accountant say when boarding a train?
What is Mind the GAAP
Under what subsection of equity are revenues and expenses recorded
What is the retained earnings section
Which statement has the number for gross profit?
What is the multistep income statement
What does the rate of return on total assets tell a company?
What is the success a company has in using its assets to earn income
What is an asset
What is an economic resource tangible or intangible that can be owned or controlled to produce value.
As an owner of a company, you take your accountant out to lunch, he says he is not hungry, but ends up taking 6 of your French fries throughout the meeting. What does the accountant have to record as an expense later on?
What is his funeral expense?
If Assets= 1,238,876 and Equity= 456,789, then what does liabilities equal?
What is 782,087
On which statement is financing cash reported?
What is the statement of cash flows
Earnings per share for Ben's mechanic shop for 2015 equals 1.74. The annual dividend per share is 1.95. What is the Dividend payout for 2015?
What is 1.12
In what part of the accounting equation is unearned revenue recorded
What is the liability section