Accounting
Word of the Day
Cash cab Trivia
100
The accrual basis of accounting records revenues when they are:
A. Collected
B. Earned
C. Contracted
D. Readily available for use
B. Earned
100
What scary movie is Alec scared to watch?
100
Bundled with the addictive Tetris, what handheld video game console did Nintendo debut in 1989?
Game Boy
200
The Internal Revenue Service form to be issued for amounts paid to independent contractors (that are not corporations) for services provided is
Form 1099-NEC
200
What is sandbagging?
Sandbagging is a strategy of lowering the expectations of a company or an individual's strengths and core competencies in order to produce relatively greater-than-anticipated results.
200
Now practically obsolete, what portable music player was introduced in 2001 with the slogan '1,000 songs in your pocket'"?
ipod
300
The difference between the balance in a company's cash account and its bank statement is documented in the
__________ of the bank statement.
reconciliation
300
Who said they are looking for an app that will automatically update reports instead of having to pull them over and over again?
Gina
300
What movie series has 9 movies and has made a total of almost 9,500,000,000?
Starwars
400
Which financial statement reports the assets, liabilities, and stockholders' (owner's) equity at a specific date?
A. Balance sheet
B. Income Statement
C. Statement of Cash Flow
A. Balance Sheet
400
What does "eat the frog" mean?
It is a metaphor for tackling your most challenging task
400
what Olympic distance sport requires competitors to keep part of one foot on the ground at all times?"
Speedwalking
500
Obligations (amounts owed) are reported on the balance sheet and are referred to as
__________
.
Liabilities
500
Who is next for Word of the Day?
Mike
500
Where were the 2008 summer olympics held?
Beijing