1 of 32
Term Definition
Dividends represent: contributed capital
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True False
Correct definition
Distributions (most often cash) to the owners of the
company.
2 of 32
Definition Term
To determine market values, Financial accounting objectives
assess profit potential, and do not include providing
evaluate management. information:
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True False
3 of 32
Term Definition
Assets do not include: contributed capital
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True False
4 of 32
Term Definition
A company would classify a six- Balance sheet
month prepaid insurance policy
as:
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, True False
Correct definition
Current asset
5 of 32
Term Definition
Which of the following is not a interest expense
current liability account?
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True False
Correct definition
prepaid rent
6 of 32
Definition Term
Dividends Which of the following is not a
current liability account?
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Term Definition
Dividends represent: contributed capital
Give this one a try later!
True False
Correct definition
Distributions (most often cash) to the owners of the
company.
2 of 32
Definition Term
To determine market values, Financial accounting objectives
assess profit potential, and do not include providing
evaluate management. information:
,Give this one a try later!
True False
3 of 32
Term Definition
Assets do not include: contributed capital
Give this one a try later!
True False
4 of 32
Term Definition
A company would classify a six- Balance sheet
month prepaid insurance policy
as:
Give this one a try later!
, True False
Correct definition
Current asset
5 of 32
Term Definition
Which of the following is not a interest expense
current liability account?
Give this one a try later!
True False
Correct definition
prepaid rent
6 of 32
Definition Term
Dividends Which of the following is not a
current liability account?
Give this one a try later!
