A financial statement that presents the revenues and expenses and resulting net income or net loss of a company for a specific period of time.
What is the income statement?
100
Current Assets / Current Liabilities
What is the current ratio?
100
The information system that identifies, records, and communicates the economic events of an organization to interested users.
What is accounting?
100
This television show holds the record for longest running for a prime time TV drama.
What is Law and Order (or Gunsmoke)?
200
"If it don't fit, you must acquit."
Who is Johnny Cochran?
200
The difference between revenue and expenses.
What is net income?
200
Total Liabilities / Total Assets
What is Debt to Asset ratio?
200
A report prepared by corporate management that presents financial information including financial statements, notes, a management discussion and analysis section, and an independent auditor's report.
What is an annual report?
200
This terminology is reflected as the difference between unit sales price and unit variable cost.
What is the contribution margin?
300
"Down goes Frazier, Down goes Frazier!!!"
Who is Howard Cosell?
300
A category on the income statement that represents the write off of uncollectible receivables.
What is 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
Regulations passed by Congress in 2002 to try to reduce unethical corporate behavior.
What is Sarbanes Oxley?
300
The difference between budgeted and actual expenses?
What is a variance?
400
"Show me the money!!!"
Who is Jerry MacGuire?
400
Net income - Preferred Stock Dividends
________________________________
Common Stock Shares Outstanding
What is Earnings Per Share?
400
The total amount of assets of a company with total liabilities of $300,000 and total stockholder's equity of $250,000.
What is $550,000.
400
A set of rules and practices, having substantial authoritative support, that the accounting profession recognizes as a general guide for financial reporting purposes.
What is Generally Accepted Accounting Principles (GAAP)?
400
Name the music group that performs the following song.
Who is Earth, Wind, and Fire?
500
"Senator, you are no Jack Kennedy".
Who is Lloyd Bentson?
500
This item on the income statement is considered a noncash expense that is directly tied to fixed assets such as equipment, vehicles, or buildings.
What is depreciation?
500
The value of current assets when the current ratio is 2 and current liabilities are $400,000.
What is $800,000.
500
Transactions that are recorded to the accounting records in the periods in which the events occur, not when it's paid.
What is accrual basis accounting?
500
In 1989, the MLB World Series was temporarily suspended due to an earthquake involving these two teams.