Chapter 9
Written promise to pay.
What is Note Receivable?
Due beyond one year.
What is long-term liability?
Number of shares allowed to sell
Governmental entity that requires public companies to file annual financial statements.
What is the Securities & Exchange Commission?
Ferris mascot
Who is Brutus?
Amounts customers owe the company.
What is Accounts Receivable?
Name one long-term liability.
What is warranty liability, pension liability, employee bonus payable?
Shares currently owned by stockholders.
What is shares outstanding?
Important legislation passed after several accounting scandals in the early 2000's.
What is Sarbanes Oxley Act of 2002?
Ferris was founded by this couple.
Who is Woodbridge and Helen Ferris?
The contra account for Accounts Receivable.
What is Allowance for Doubtful Accounts?
Three options for issuing bonds.
What is at par value, at a discount, at a premium?
When a corporation issues its stock to shareholders for no payment.
What is a Dividend?
Transferring journal entries to a ledger is called ____.
What is posting?
The name of the football field.
What is Top Taggart?
The date a note is due.
What is maturity date?
Vacation benefits and pension benefits.
What are estimated liabilities?
Two kinds of stock.
What is preferred and common?
A plant asset that is not depreciated.
What is land?
Year founded.
What is 1884?
Paying a note on the maturity date.
What is an honored note?
What is "callable bonds"?
When a corporation buys back its own stock.
What is Treasury stock?
GAP and JCPenney sell products, which makes them this kind of company.
What is a merchandiser?
What was another name for FSU prior to FSU?
What is Big Rapids Industrial School, Ferris Industrial School, Ferris Institute, Ferris State College?