UIL -Regional/State

Front

A corporation’s general ledger accounts are similar to a proprietorship or partnership except for the

Back

federal income tax expense account

Front

Using the same inventory costing method for all fiscal periods is an application of the accounting concept:

Back

Consistent Reporting

Front

A quick ratio of ___ is considered adequate.

Back

1:1

Front

Back

$82

Front

Back

$7,000

Front

A widely used rule-of-thumb is that the current ratio should be at least

Back

2:1

Front

A corporation records earnings kept in the business in the account

Back

Retained Earnings

Front

Allowance for Uncollectible Accounts is a(an)

Back

contra asset account

Front

Allowance for Uncollectible Accounts is a(an)

Back

contra asset account

Front

The dividends account

Back

normally has a debit balance