Category #1
Accounting entries involve a minimum of how many accounts?
Two
In accounting, Debit (Dr) means which side of a ledger account?
Left
What type of fish is Nemo?
Clownfish
What shark is thought to be the largest to have ever lived on Earth?
Megladon
What is the hardest (and longest) bone in your body?
Femur
Which financial statement displays the revenues and expenses of a company for a period of time?
Income statement
The listing of all of the accounts available for use in a company's accounting system is known as the
Chart of Accounts
In the Catholic Church, the Bishop of Rome is a title more commonly known as what?
The Pope
a company's ____ is the difference between cash coming in and cash going out of a business
cash flow
Originally, Amazon only sold what kind of product?
Books
Name one of the two countries that do not allow tattoos.
Iran or Japan
The digital yuan is giving Alipay a run for its money as the largest mobile payment network based in what country?
China
a ____ is the summary of all transactions that have occurred over a particular period
Trail Balance
What color is a giraffe's tongue?
Black
It can be played indoors or outdoors. It's notable for attracting a wide range of ages and fitness levels. It combines elements of tennis, badminton and ping-pong. Its highest governing body is the IFP. What sport is it?
Pickleball
In accounting, the term "ROI" is often used to describe the financial performance of an asset. ROI stands for "return on" WHAT?
Investment
A 401(k) is a type of tax-advantage defined-contribution account designed to help you save for what withdrawal from working life?
Retirement
Used to calculate an individual's tax liability and meaning gross income minus certain payments made during the year, AGI stands for ___ Gross Income. What adjective goes in the blank?
Adjusted
Accountants use different methods of depreciation for tax purposes. What do the letters in the Acronym LIFO stand for?
Last In First Out
An asset that you pledge as security for a loan is known as ______. Fill in the one word “C” blank, also the name of a 2004 movie in which cab driver Jamie Foxx gives a ride to hitman Tom Cruise.
Collateral
The Financial Accounting Standards Board (FASB) is a non-profit "standard-setting body" that establishes and improves the set of accounting principles used in the U.S. and known by what four-letter acronym?
GAAP
In economics, what 9-letter word means simultaneously buying an asset in one market and selling the asset in another to take advantage of price differences between markets?
Arbitrage
In the standard financial reporting metric EBITDA, what does the "A" stand for?
Amortization
Which type of stock is higher-up on the chain of claim than common stock, but not as high up as bonds?
Preferred
If you don’t repay a debt, what might a creditor place against your property (for example, your house) as collateral until you pay up?
Lien