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

Adv Account Chap 15


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