CBL Exam: Basic Accounting

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Decks in this class (17)

Purpose of the Balance Sheet, Income Statement, and Statement of Cash Flows
Which of the following is not one...,
Which of the following financial ...,
Which of the following is not a c...
4  cards
Elements of the Balance Sheet, Income Statement, and Statement of Cash Flows
Which of the following is an exam...,
Each of the follow is a component...,
Which statement regarding the dif...
5  cards
Reading Balance Sheet, Income Statement, and Statement of Cash Flows
Of the following accounts which i...,
Which of the following statements...,
Which of the following equations ...
5  cards
Consolidated Financial Statements
The equity method is used to acco...,
At what value are available for s...,
Minority passive investments can ...
5  cards
Financial Statement Analysis – DuPont Breakdown
What is the equation for the asse...,
Which of the following formulae i...,
Each of the following assets is i...
5  cards
Fair (Market) Value vs. Historical Cost or Accounting Value
Which of the following is correct...,
Under us gaap most assets are val...,
What is the primary benefit of us...
5  cards
Revenue Recognition
What is the definition of realiza...,
What is the definition of recogni...,
For the sale of goods when are re...
5  cards
Generally Accepted Accounting Policies
Which of the following organizati...,
What is the primary purpose of ac...,
International financial reporting...
5  cards
Annual Report
In the united states which regula...,
In general companies must file th...,
How many parts are in a typical a...
5  cards
Forecasting Financial Statements
Which of the following statements...,
All of the following are assumpti...,
In using pro forma financial stat...
5  cards
Costs
What is the definition of opportu...,
How should businesses consider su...,
Which of the following is most li...
5  cards
Breakeven Point and Contribution Margin
What is the formula for calculati...,
What is the formula for breakeven...,
A company has total fixed cost of...
5  cards
Cost Allocation
What is the definition of a perio...,
What is the definition of a produ...,
Which of the following costs are ...
5  cards
Production Cost
Which of the cost flow assumption...,
Which of the following is not a p...,
Which of the following costs are ...
5  cards
Budgeting and Analysis of Variances
What is another name for a flexib...,
Actual income exceeded standard i...,
What is the equation for total fl...
5  cards
Transfer Pricing
What is the definition of a trans...,
Which of the following is the key...,
Which of the following factors ma...
5  cards
Lease vs. Make vs. Buy Decisions
Which of the following asset acqu...,
Which of the following in not a p...,
Which of the following expenses a...
5  cards

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CBL Exam: Basic Accounting

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