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Ch 14 Accounting
|A _______ is an owner of one or more shares of a corporation.
|An amount earned by a corporation and not yet distributed to stockholders is called _________.
|When a declared dividend is paid, _________ is debited.
|A ______ is used to plan adjustments and summarize the information necessary to prepare financial statements.
|Federal income tax is an _____ of a corporation.
|The amount of federal income tax expense a corporation must pay is calculated using a tax rate table furnished by the _________________ .
|Internal Revenue Service
|The difference between an asset's account balance and its related contra account balance is called __________.
|The general ledger account in which merchandise inventory is recorded is titled ____.
|Original Cost - Accumulated Depreciation =
|Ending Book Value
|The Supplies--Office amount in a work sheet's Trial Balance Debit column represents the value of supplies at the beginning of a fiscal period plus office supplies ____.
|bought during the fiscal period
|The two accounts used to record the adjustment for federal income tax are ____.
|Federal Income Tax Payable and Federal Income Tax Expense
|The two accounts used to adjust the uncollectible accounts are ____.
|Uncollectible Accounts Expense and Allowance for Uncollectible Accounts
|Which account is used for the investment of all owners of a corporation?
|Computers, sales display cases, furniture, and cash registers are examples of ____.