Income Statement
Statement of O.E.
Balance Statment
Statement of Cash Flows
Misc.
100
The first thing on an income statement.
What is revenues?
100
Things that are on a statement of owner equity
What is net income, investments, withdrawls?
100
Assets = liabilities + equity
What is the Accounting equation?
100
The first thing that is listed on a cash flow statement?
What is cash?
100
Outside parties have these submitted to them.
What is a financial statement?
200
Parentheses stand for this.
What is negative number?
200
Any cash or other assets used by the owner for personal use
What is a withdrawal?
200
Where the liabilities are listed on a balance statement?
What is second?
200
The opposite of revenue that is listed on the cash flow statement?
What is expenses?
200
Additions of cash or other personal assets that a owner contributed to the farm business since the beginning of the current year.
What is an investment?
300
The last thing on an income statement
What is the net income?
300
Any money that is from other jobs or businesses that the owner earned and contributed to the farm business during the current year.
What is non-farm income?
300
An item or items that have value?
What is asset or assets?
300
Activities that is involved in the day to day operation of a farm business?
What is operating activities?
300
Another word for net profit?
What is the "Bottom Line"
400
What does it mean when your expenses exceed your revenue?
What is net loss?
400
Money to the owner's equity by the owner.
What is a contribution/gift/inheritances?
400
Money that is owed to an outside party
What is a liability?
400
Activities that finance a farm operation?
What are financing activities?
400
GAAP stands for this.
What is Generally Accepted Accounting Principles?
500
The opposite of revenues
What is expenses?
500
An item that represents a tax effect associated with the changes in market values?
What is Change in Non-current portion of deferred taxes?
500
The last thing on a balance statement
What is equity?
500
The very last thing on a cash flow statement?
What is cash at the end of the year?
500
Our accounting teacher :)
Who is Janelle Guericke?
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