Famous Quotes
Assets
Liabilities/Financial Analysis
Equity
Surprise Me!
100
"I did not have sexual relations with that woman!"
Who is Bill Clinton?
100
A category of assets expected to be exhausted within a year.
What are current assets?
100
Current Assets / Current Liabilities
What is the current ratio?
100
Proof of ownership of a company.
What is a stock certificate?
100
"I'm going to let you finish, but Beyonce had one of the best videos of all time!"
Who is Kanye West?
200
"If it don't fit, you must acquit."
Who is Johnny Cochran?
200
Trademarks are categorized under this specific long term asset.
What are intangibles?
200
Total Liabilities / Total Assets
What is Debt to Asset ratio?
200
The stated value of the stock on the stock certificate.
What is par value?
200
This type of analysis involves a year to year comparison of data.
What is horizontal/trend analysis?
300
"Down goes Frazier, Down goes Frazier!!!"
Who is Howard Cosell?
300
The contra account for accounts receivable.
What is allowance for bad debt?
300
The current ratio of a company with current assets of $300,000 and current liabilities of $100,000
What is 3?
300
Cash dividends are paid out of this specific account from Equity.
What is retained earnings?
300
This method of write off is not allowed under GAAP?
What is the Direct Write Off Method?
400
"Show me the money!!!"
Who is Jerry MacGuire?
400
The contra account for fixed assets such as trucks, buildings, equipment, etc.
What is accumulated depreciation?
400
An attorney given a retainer for services yet to be performed would be categorized under this specific liability account.
What is unearned revenue?
400
The entry to record the sale of common stock at $5 with $1 par value.
What is Debit Cash $5, Credit Common Stock at $1, Credit APIC at $4?
400
Name the rap artist and the name of the following song.
Dr. Dre....Still Dre.
500
"Senator, you are no Jack Kennedy".
Who is Lloyd Bentson?
500
This account represents items that are paid in advanced.
What are prepaid expenses?
500
A bond with a face value of $100 is sold for $90 would be categorized on the books as ____________?
What is bond discount?
500
Stock that is repurchased by the company from its shareholders.
What is treasury stock?
500
This represents the highest grossing movie of all time (adj. for inflation).
Gone with the Wind.
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