The date that dividends become a legal liability of a corporation.
What is the declaration date?
100
The amounts that are added together to determine the net change in cash during a year.
What is Net cash from Operating, Investing, and Financing activities?
100
FASB (Financial Accounting Standards Board)
What is the regulatory body that is in charge of writing US GAAP?
200
The amount of expense recorded in July when a company pays employees $500 on July 3 for work performed between June 14 and June 28.
What is $0?
200
The account name used for loans a company has outstanding with their bank
What is Notes or Loans Payable?
200
The amount of the credit to Common stock when a company issues 1,000 shares of $0.50 par value common stock for $5 per share.
What is $500?
200
Cash paid to acquire new equipment is reported in this section of the statement of cash flows.
What is Investing?
200
The name of the document that must be filed on an annual basis with the SEC within 60 to 75 days following a company's fiscal year-end.
What is Form 10-K?
300
The amount of revenue recorded for the year, when the company receives $3,000 in cash from a customer in October for services to be performed, and half of the services are performed by December 31.
What is $1,500?
300
The value shown on the end-of-year balance sheet for PP&E acquired on January 1 at a cost of $500, estimated salvage value of $50, and an estimated useful life of 10 years.
What is $455?
300
The value that is used to record treasury stock.
What is historical cost?
300
Cash received from the issue of new stock is reported in this section of the statement of cash flows.
What is Financing?
300
The name and formula of the only financial statement ratio that companies are required to report on the income statement filed in the Form 10-K.
What is earnings per share = Net income - preferred dividends / Weighted-average common shares outstanding
400
The amount of expense recorded when a company declares and pays $2,000 in dividends to existing shareholders at the end of the year.
What is $0?
400
The value shown on the end-of-year balance sheet for Bonds payable with a par value of $100,000, 2-year maturity, semi-annual interest payments, coupon rate of 5% and unamortized bond premium of $2,000.
What is $102,000?
400
The amount of Retained earnings shown on the end-of-year balance sheet, given: R/E (beginning) $4,000, Net income for the year $2,500, Total assets $8,000, Dividend declared (but not yer paid) for the year $750.
What is $5,750?
400
From a financial analyst's perspective, the most important section of the statement of cash flows in terms of analyzing how efficient a company's use of cash was during the year.
What is Operating?
400
When a company issues a bond, the price of the bond is determined by analyzing these values under the ______ rate.
What is the present value of the interest payments and principal, under the market interest rate?
500
Cost of goods sold, given the FIFO inventory system and Beginning inventory: 20 units @ $5 each, purchase #1: 25 units @ $7 each, purchase #2: 10 units @ $8 each. 50 units were sold for a price of $10 each.
What is $315?
500
The ratio that measures a company's ability to pay liabilities due within one year with current assets.
What is the current ratio?
500
The amount of stockholder's equity shown on the end-of-year balance sheet, given: Retained earnings $4,000, Common stock $2,500, Preferred stock $8,000, Treasury stock $3,000
What is $18,000?
500
Net cash from operating activities, given: Gain on sale of PP&E $4,000, Depreciation expense $2,500, Increase in Accounts payable $6,000, Net income $3,000
What is $7,500?
500
The name of the balance sheet account that is debited in the closing journal entry when a company incurs a net loss for the period.