AET Terms

Question 1

receiving a gift for developing an SAE versus purchasing the items with cash

Accepted Answer

gift

Question 2

the non-cash sale to a student's family and usaully is valued at typical market price

Accepted Answer

used at home

Question 3

purchaed cash items to be used in an AET experiences to supplement or manage the project growth

Accepted Answer

cash expense

Question 4

income or expense that doesn't involve cash, rather trading or bartering for services

Accepted Answer

non-cash transactions

Question 5

project that is a job experence that is either paid or unpaid

Accepted Answer

Placement SAE

Question 6

trading item between SAEs & recording income from one project and showing an expense to another

Accepted Answer

non-cash transfer

Question 7

time invested as an elected FFA officer

Accepted Answer

officer journal

Question 8

student invested time for courses, AET experiences, FFA activities and community service

Accepted Answer

AET Journal

Question 9

financial values related to the SAE like beginning balance, inventory, paychecks, and cash

Accepted Answer

AET finances

Question 10

the estimated number of years the item will perfrom the intended use

Accepted Answer

capital item useful life

Question 11

trading related project laboe for items used in developing an AET versus purchasing cash items

Accepted Answer

SAE Labor exchange

Question 12

completed outside of normal class time and related to agricultural courses and supervised

Accepted Answer

SAE

Question 13

items before student's first day of ag education, and includes

Accepted Answer

beginning inventory

Question 14

manages a SAE project with special attention given to the 1)time and 2) size of project

Accepted Answer

AET experience

Question 15

project that requires monetary investment for the potential to gain a profit

Accepted Answer

Entrepreneurship SAE

Question 16

unpaid project that is directed to improvement of a physical item

Accepted Answer

improvement SAE

Question 17

trading non-related project labor for items used in developing an AET experience

Accepted Answer

non-SAE labor exchange

Question 18

review and edit any financial entry

Accepted Answer

finance transaction list

Question 19

relates to replacing breeding females into a breeding operation from a current SAE

Accepted Answer

transfer to a capital item

Question 20

annual % allocation of depreciation cost from a capital item to each AET Experience

Accepted Answer

capital item usage

Question 21

requires that research be done and a final report of the findings and results are complied

Accepted Answer

Research SAE

Question 22

the inventory value of AET experiences, which is based on the cost of items used in the project

Accepted Answer

Current inventory

Question 23

porjects that involves gaining knowledge or learning a new skill

Accepted Answer

exploratory SAE

Question 24

basic student information and courses in ag classes and leadership positions

Accepted Answer

AET profile

Question 25

the estimated slaes price of capital items once usage is complete or the asset has been used

Accepted Answer

capital item salvage value

Question 26

cash earned from AET experience project, which is typically referred to as income or sales

Accepted Answer

cash income

Question 27

time invested in FFA committees

Accepted Answer

Committee journal

Question 28

purchase, sell or record the usage of capital items

Accepted Answer

captial item manager

Question 29

calendar of events of an AG program that we are going to do during the year

Accepted Answer

POA

Question 30

current inventory adjustment used when the normal cost value of AET experience is not accurate

Accepted Answer

AET market adjustment

Question 31

represents an annualized cost of a capital item

Accepted Answer

depreciation expense

Question 32

the inventory value of items that is high in monetary value and have a long term use

Accepted Answer

non-currnet inventory

Question 33

time invest in AET experiences, also referred to as a student SAE

Accepted Answer

experience journal

AET Terms

Questions 33

AET Terms

Questions 33