Accounting 102
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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What are the rights of Stockholders? | 1. Have a say in how the business is managed. 2. Share in profits (loses)
3. Share in assets when company closes
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What are earnings per share? Where is it reported? | 1. Net earnings / # of shares.
2. On corporation's income statement
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What are the different dates that are important for dividends? | Date of declaration, date of record, and date of payment.
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What happens when dividends are declared? | Increase Liabilities - Dividends Payable & decrease Retained Earnings
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What is a manufacturing company? | A company that buys raw materials and sells the finished goods.
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What are product costs? | Costs incurred to manufacture a product.
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What are period costs? | Operating expenses either selling or administrative.
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what are the 3 inventories that manufacturing companies have? | Materials, Work in Process, Finished Goods
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How do you find overhead rate? | Estimated overhead costs/Estimated level of activity
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How do you apply overhead to a job? | OH rate X actual level of activity
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
klein-andrew
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