Save
Upgrade to remove ads
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
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. Your email address is only used to allow you to reset your password. See 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.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
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 1/4

QuestionAnswer
All of the following may be included under the heading of "cash" except money market funds
Under which section of the balance sheet is "cash restricted for future plant expansion" reported? Non-current assets
The category "trade receivables" includes amounts owed by customers for goods bought or services rendered.
The amount of consideration that a company expects to receive from a customer in exchange for transferring goods or services is All of these answers are correct.
Alli ordered ceiling tiles online from Lowes and charged the purchase to her Lowes credit card. Lowes will deliver the ceiling tiles the next day. Evidence that transfer of control from Lowes to Alli is complete is indicated by all of the following except the period in which the ceiling tiles can be returned has expired.
Why is the allowance method preferred over the direct write-off method of accounting for bad debts? Improved matching of bad debt expense with revenue
What is the normal journal entry for recording bad debt expense under the allowance method? Debit Bad Debt Expense, credit Allowance for Doubtful Accounts
Why would a company sell receivables to another company? To accelerate access to amounts collected
Created by: AMOO
 

 



Voices

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:
Retries:
restart all cards