Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Accounting-Ch. 14

Chapter 14 Terms

Accumulated depreciation the total amount of depreciation expense that has been recorded since the purchase of a plant assset.
Allowance method of recording losses from uncollectible accounts crediting the estimated value of uncollectible accounts to a contra account.
Board of directors a group of persons elected by the stockholders to manage a corporation
Book value the difference between an asset's account balance and its related contra account balance.
Book value of a plant asset the original cost of a plant asset minus accumulated depreciation
Book value of accounts receivable the difference between the balance of Accounts Receivable and its contra account, Allowance for Uncollectible Accounts.
Current assets cash and other assets expected to be exchanged for cash or consumed within a year.
Declaring a dividend action by a board of directors to distribute corporate earnings to stockholders.
Depreciation expense the portion of a plant asset's cost that is transferred to an expense account in each fiscal period during a plant asset's useful life.
Dividends earnings distributed to stockholders.
Estimated salvage value the amount an owner expects to receive when a plant asset is removed from use.
Merchandise inventory the amount of goods on hand for sale to customers.
Plant assets assets that will be used for a number of years in the operation of a business.
Retained earnings an amount earned by a corporation and not yet distributed to stockholders.
Straight-line method of depreciation charging an equal amount of depreciation expense for a plant asset in each year of useful life.
Uncollectible accounts accounts receivable that cannot be collected.
Created by: warnerd



Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards