Show:
Uncollectible Accts
Depreciation
Depreciation II
Federal Income Tax
General Corporation Info
100
Percentage of total sales corporations use as an adjustment for uncollectible accounts.
What is 1%
100
Assets expected to be consumed within a year
What are current assets
100
Depreciation that occurs when a plant asset becomes inadequate or obsolete.
What is functional depreciation?
100
How often estimated income tax must be paid.
What is quarterly?
100
unit of ownership in a corporation
What is a share of stock?
200
Assets expected to be used by a corporation for several years
What are plant assets?
200
Charging an equal amount of depreciation expense for a plant asset in each year of useful life
What is straight-line method of depreciation?
200
Income State Credit column minus Income Statement Debit columns equals this.
What is Net Income before Federal Income Tax?
200
An amount earned by a corporation and not yet distributed to stockholders
What is retained earnings
300
The difference between an asset's account balance and its related contra account balance
What is book value?
300
Cost of original item plus any associated fees.
What is original cost?
300
Total amount of depreciation expense recorded since the purchase of a plant asset
What is accumulated depreciation?
300
Used to calculate federal income tax expense
What is a tax table?
300
Earnings distributed to stockholders
What are dividends?
400
Account debited when adjusting for uncollectible accounts
What is Uncollectible Accounts Expense?
400
Amount an owner expects to receive when a plant asset is removed from use
What is estimated salvage value?
400
Account debited when recording depreciation adjustment
What is depreciation expense?
400
Amount of Federal Income Tax minus Total of Quarterly Installments equals this.
What is Federal Income Tax Adjustment amount?
400
Group elected by stockholders to manage a corporation
What is board of directors?
500
Account debited when adjusting for uncollectible accounts
What is Allowance for Uncollectible Accounts?
500
Depreciation caused by wear and tear
What is physical deprecation?
500
Account credited when recording depreciation expense adjustment
What is accumulated depreciation?
500
Highest percentage income tax bracket on the tax table we are currently using
What is 39%?
500
How total quarterly dividend is calculated
What is number of share time quarterly dividend per share?