ACC 240 Final

A symbol, design, or logo associated with a business

Earnings per share

Which of the following is not an example of a tangible asset

Occurs when one company borrows money from another

Purchase of goods or services on credit

Increase in prepaid expenses

Decrease in liability balance

Which of the following is false regarding long-lived assets?

Debt-to-assets ratio

Current ratio

An expense is incurred in one accounting period; the cash payment is made in a later period

What is the accounting treatment of ordinary repairs and maintenance?

An arbitrary amount assigned to each share of a stock when it is authorized

Accrued liabilities

Increase in accounts receivable balance

When the dividend payment to stockholders is recorded

The amount that each share of stock will sell for in the market

Accounts payable

What is the total of depreciation to date on an asset?

Exclusive right granted by the federal government to protect artistic or intellectual properties

Decrease in inventory balance

Price/Earnings ratio

Liabilities are created when a company:

Return on equity

Liability resulting when a company collects sales tax for the state

Which of the following is not a section included in cash flows?

When the board of directors declares the dividend and a liability is recorded

Fixed asset turnover

Limited permissions to use a product or service according to specific terms and conditions

Stockholders holding shares on this date will receive the dividend- no entry

Which of the following expenditure is not capitalized?

Times interest earned ratio

Exclusive right granted by federal government to sell or manufacture an invention

Which of the following is not an acquisition cost?

Which of the following is not an example of an intangible asset