1 of 126
Definition Term
COGS % expenses don't always involve
Give this one a try later!
True False
Correct definition
COGS / total sales =
2 of 126
Definition Term
franchises and licenses a corporation is to retained
earnings as a sole
proprietorship is to
,Give this one a try later!
True False
Correct definition
contracts or government grants that give the owner special
rights
3 of 126
Term Definition
to record a cost as an asset decrease
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True False
Correct definition
capitalize
4 of 126
Definition Term
depreciation schedule a list of all fixed assets in the
company, their purchase dates,
, their depreciation methods, and
their depreciation each year
Give this one a try later!
True False
5 of 126
Definition Term
days in inventory 365 / inventory turnover =
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True False
6 of 126
Term Definition
assets with no physical form, yet maturity date
they offer value to a business
for more than one year
Give this one a try later!
, True False
Correct definition
intangible assets
7 of 126
Term Definition
a corporation is to retained interest expense
earnings as a sole
proprietorship is to
Give this one a try later!
True False
Correct definition
owner's equity
8 of 126
Term Definition
the left side of t-accounts debit
Definition Term
COGS % expenses don't always involve
Give this one a try later!
True False
Correct definition
COGS / total sales =
2 of 126
Definition Term
franchises and licenses a corporation is to retained
earnings as a sole
proprietorship is to
,Give this one a try later!
True False
Correct definition
contracts or government grants that give the owner special
rights
3 of 126
Term Definition
to record a cost as an asset decrease
Give this one a try later!
True False
Correct definition
capitalize
4 of 126
Definition Term
depreciation schedule a list of all fixed assets in the
company, their purchase dates,
, their depreciation methods, and
their depreciation each year
Give this one a try later!
True False
5 of 126
Definition Term
days in inventory 365 / inventory turnover =
Give this one a try later!
True False
6 of 126
Term Definition
assets with no physical form, yet maturity date
they offer value to a business
for more than one year
Give this one a try later!
, True False
Correct definition
intangible assets
7 of 126
Term Definition
a corporation is to retained interest expense
earnings as a sole
proprietorship is to
Give this one a try later!
True False
Correct definition
owner's equity
8 of 126
Term Definition
the left side of t-accounts debit
