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 ICVEEARBEL6. The total depreciation since an asset was acquired is ______________ depreciation.
ACCUMULATED EULMCUDTCAA7. Amounts owed for goods and services received on account are accounts __________.
PAYABLE YBAAEPL8. A corporation's owner's equity is referred to as __________________' equity.
STOCKHOLDERS KTOSLCOEDRHS9. The cumulative amount of a corporation's earnings less its cumulative dividends is _____________ earnings.
RETAINED NTEEAIDR10. ________ stock is a corporation's own stock that it has purchased but has not retired.
TREASURY EUTASRRY11. The company that has paid insurance premiums in advance should report the unexpired cost in the account __________ Insurance.
PREPAID PPIRAED12. A small amount of cash available to make small outlays is known as the _________ cash fund.
PETTY EYTPT14. One section of stockholders' equity is paid-in or contributed _________.
CAPITAL LCITAAP15. The declaration of dividends will reduce the balance in __________ earnings.
RETAINED ITENERDA16. 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 ITVTENESMSN18. Sometimes an ______________ will require that a plant asset be written down to an amount smaller than its carrying value.
IMPAIRMENT AITINMERMP19. Patents, trademarks, and goodwill are examples of ________________ assets.
INTANGIBLE LNGEAIIBTN20. The accounts Allowance for Doubtful Accounts and Accumulated Depreciation are known as ________-asset accounts.
CONTRA TOANRCFeatured Review
"It is my sincere pleasure to give full support for the AccountingCoach website. As a college professor at two (2) colleges and a full-time accounting professional at Toyota, I refer my students to the AccountingCoach website for source data, concept explanations and resources. AccountingCoach is one of my main sources for accounting information, it has easy access and the information provided is simple to understand. My students and I love the site. My lectures are more powerful because I use the site as my validation and source data. The site makes teaching and applying accounting concepts so much easier when you have a reliable source like AccountingCoach. The site is full of information and will give you the knowledge base to be successful in the world of accounting and in business. The site is great for those who may not make it to college to take a formal accounting course like mine. It is a great benefit. Thank you AccountingCoach for assisting us, ensuring the world of accounting is easier to understand, and for providing an easy to use site for finding information and an affordable pathway to increase your knowledge." - Renee W.
Join PRO or PRO Plus and Get Lifetime Access to Our Premium Materials
Read all 2,645 reviewsWe now offer 10 Certificates of Achievement for Introductory Accounting and Bookkeeping: