To see each answer, press or click on the blue "Unscramble" button. If you have difficulty answering the following questions, learn more about this topic by reading our Balance Sheet (Explanation).
4. Sales on account that have not yet been collected are accounts _______________.
RECEIVABLE RBVELEEIAC6. The total depreciation since an asset was acquired is ______________ depreciation.
ACCUMULATED CALEMCDUTUA7. Amounts owed for goods and services received on account are accounts __________.
PAYABLE BPYAEAL8. A corporation's owner's equity is referred to as __________________' equity.
STOCKHOLDERS TODSOHLEKCSR9. The cumulative amount of a corporation's earnings less its cumulative dividends is _____________ earnings.
RETAINED DITRNAEE10. ________ stock is a corporation's own stock that it has purchased but has not retired.
TREASURY RTYSEUAR11. The company that has paid insurance premiums in advance should report the unexpired cost in the account __________ Insurance.
PREPAID DEIRPPA12. A small amount of cash available to make small outlays is known as the _________ cash fund.
PETTY PEYTT14. One section of stockholders' equity is paid-in or contributed _________.
CAPITAL ACTPIAL15. The declaration of dividends will reduce the balance in __________ earnings.
RETAINED RTAEDEIN16. Inventories are often reported at the ________ of cost or net realizable value.
LOWER WLOER17. Cash that is restricted for the construction of a plant asset is reported in the balance sheet section labeled as _________________.
INVESTMENTS IETVSMNTESN18. Sometimes an ______________ will require that a plant asset be written down to an amount smaller than its carrying value.
IMPAIRMENT TNRMIMAIEP19. Patents, trademarks, and goodwill are examples of ________________ assets.
INTANGIBLE NIIGETALNB20. The accounts Allowance for Doubtful Accounts and Accumulated Depreciation are known as ________-asset accounts.
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