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WorksheetsAccounting
Total questions: 24
Worksheet time: 12mins
Capital Stock
all common stock and preferred stock a corporation is legally allowed to issue.
Big Stock
stockholder’s equity
the amount that the owners of a company have invested in their business.
Equity for stock holder
retained earnings
the amount of profit a company has left over after paying all its direct costs, indirect costs, income taxes and its dividends to shareholders
Earnings that are retained
compatibility
a state in which two things are able to exist or occur together without problems or conflict.
The ability to be compatable
reliability
the quality of being trustworthy or of performing consistently well.
Ability to be reliable
relevance
the quality or state of being closely connected or appropriate.
Relevant action
full disclosure
the need in business transactions to tell the "whole truth" about any matter which the other party should know in deciding to buy or contract.
Fully disclosing
materiality
the quality or character of being material or composed of matter.
Materials
net sales
the total amount of sales made by a business after all deductions have been considered
Clean sales
net purchases
the gross amount of purchases made, less deductions for purchase discounts, returns, and allowances
Clean purchases
gross profit on sales
the total sales of the firm minus the total cost of the goods sold
Dirty sales
operating expenses
the fixed costs your business incurs that are not directly related to production
Active expenses
selling expenses
the costs associated with distributing, marketing and selling a product or service
Expenses that are sold
administrative expenses
the costs of paying wages and salaries and providing benefits to non-sales personnel
Administrative actions that are expenses
operating income
the adjusted revenue of a company after all expenses of operation and depreciation are subtracted
Income thats active
vertical analysis
the comparison of financial statements by representing each line item on the statement as a percentage of another line item
analyzing vertical
statement of retained earnings
shows the accumulated profit of a company after dividend are paid to shareholders
Statement showing earnings
horizontal analysis
a financial analysis technique used to evaluate a company's performance over time
analyzing horizontally
base period
the period of time for which data used as the base of an index number, or other ratio, have been collected
regular period
cash inflows
the money going into a business which could be from sales, investments or financing
The flow of cash
cash outflows
any money leaving a business
Cash flowing out
operating activities
all the things a company does to bring its products and services to market on an ongoing basis
Active operations
investing activities
the purchase and sale of long-term assets and other business investments, within a specific reporting period.
Activities that invest stuff
financing activities
transactions between a business and its lenders and owners to acquire or return resources
Activities that finance stuff
