Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


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
Know
remaining cards
Save
0:01
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:
Retries:
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

Chapter 15

TermDefinition
Accrued Interest Income Interest earned but not yet received
Accrued Revenue Revenue earned in one fiscal period but not received until a later fiscal period.
Accumulated Depreciation The total amount of depreciation expense that has been recorded since the purchase of a plant asset
Adjusted Trial Balance A trial balance prepared after adjusting entries are posted
Beginning Inventory The amount of inventory on hand at the beginning of a fiscal period
Book Value of a Plant Asset The original cost of a plant asset minus accumulated depreciation
Current Assets Cash and other assets expected to be exchanged for cash or consumed within a year
Depreciation A loss in the usefulness of a plant asset as a result or wear or obsolescence
Depreciation Expense The portion of a plant asset's cost that is transferred to an expense account in each fiscal period during that asset's useful life
Ending Inventory The actual count of merchandise at the end of a fiscal period
Marginal Tax Rate The tax rate associated with a tax bracket
Plant Assets Physical assets that will be used for a number of years in the operation of a business
Salvage Value An estimate of the amount that will be received for an asset at the time of its disposal
Straight-line Method of Depreciation Recording an equal amount of depreciation expense for a plant asset in each year of its useful life
Tax Bracket Each tax rate and taxable income amount on one line of a tax table
Unadjusted Trial Balance A trial balance prepared before adjusting entries are posted
Useful Life The period of time over which an asset contributes to the earnings of a business
Created by: andrew.v