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.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

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

Retained Earnings An amount earned by a corporation an not yet distributed to stockholders.
Dividends Earnings distributed to stockholders.
Board of Directors A group of persons elected by the stockholders to manage a corporation.
Declaring a Dividend Action by a board of directors to distribute corporate earnings to stockholders.
Merchandise Inventory The amount of goods on hand for sale to customers.
Uncollectible Accounts Accounts receivable that cannot be collected.
Allowance Method of Recording losses from Uncollectible Accounts Crediting the estimated value of uncollectible accounts to a contra account.
Book Value The difference between an asset's account balance and its related contra account balance.
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.
Plant Assets Assets that will be used for a number of years in the operation of a business.
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.
Estimated Salvage Value The amount an owner expects to receive when a plant asset is removed from use.
Straight - Line method of Depreciation Charging an equal amount of depreciation expense for a plant asset for a plant asset in each year of useful life.
Accumulated Depreciation The total amount of depreciation expense that has been recorded since the purchase of a plant asset.
Book Value of a Plant Asset The original cost of a plant asset minus accumulated depreciation.
Created by: 16dlv