Accounting 201 Final Exam 2025 Depreciation, Plant Assets &
Intangible Assets – Complete Questions and Answers
University of Phoenix
balance |sheet |- |verified |answersassets
liabilities
equity
income |statement |- |verified |answersrevenue
expense
gains/losses
gross |profit
net |income/loss
statement |of |retained |earning |- |verified |answersbeginning |capital
contributed |capital
ending |capital
statement |of |cash |flow |- |verified |answerslisting |of |cash |inflows/outflows
operating
investing
financing
steps |in |accounting |cycle |- |verified |answersidentity
journalize
communicate
cost |principle |- |verified |answersrecord |at |cost
revenue |recognition |- |verified |answersrevenue |recognized |when |earned
matching |principle |- |verified |answersexpenses |and |related |revenue |recorded |in |the |same |period
adjusting |entries |- |verified |answersdepreciation
accruals |interest/revenue
prepaid
, LIFO |- |verified |answerslast |in |first |out
FIFO |- |verified |answersfirst |in |first |out
cost |of |goods |sold |- |verified |answersbeginning |inventory |plus |net |purchases |minus |ending |inventory
gross |profit |- |verified |answerssales |minus |cost |of |goods |sold
perpetual |- |verified |answersongoing
bank |reconciliation |- |verified |answersadjusted |bank |balance
adjusted |book |balance
straight |line |depreciation |- |verified |answerscost |- |salvage |value |/ |estimated |life
accounts |receivable |- |verified |answersbad |debt |expense
allowance |method
write |off |method
trading |- |verified |answersreported |at |Market |Value |after |adjustment |of |unrealized |gain |or |loss
help |to |maturity |- |verified |answersreported |at |cost
available |for |sale |- |verified |answersreported |at |Market |Value |after |adjustment |of |unrealized |gain |or |
loss
investments |- |verified |answerstrading
held |to |maturity
available |for |sale
maturity |date |- |verified |answersdate |principal |is |due |back
bond |discount |- |verified |answerscash |received |is |less |than |principal |
market |rate |is |more |than |contract
bond |premium |- |verified |answerscash |received |is |more |than |principal
market |rate |is |less |than |contract
effective |rate |of |interest |- |verified |answerseffective |interest |amortization
debenture |- |verified |answersbonds |backs |by |good |faith |of |issuer/borrower
present |value |- |verified |answersthe |value |of |future |dollars |in |terms |of |today's |dollar
par |value |- |verified |answersbook |value |of |stock
preferred |vs. |common |stock |- |verified |answerspreferred |are |paid |first
Intangible Assets – Complete Questions and Answers
University of Phoenix
balance |sheet |- |verified |answersassets
liabilities
equity
income |statement |- |verified |answersrevenue
expense
gains/losses
gross |profit
net |income/loss
statement |of |retained |earning |- |verified |answersbeginning |capital
contributed |capital
ending |capital
statement |of |cash |flow |- |verified |answerslisting |of |cash |inflows/outflows
operating
investing
financing
steps |in |accounting |cycle |- |verified |answersidentity
journalize
communicate
cost |principle |- |verified |answersrecord |at |cost
revenue |recognition |- |verified |answersrevenue |recognized |when |earned
matching |principle |- |verified |answersexpenses |and |related |revenue |recorded |in |the |same |period
adjusting |entries |- |verified |answersdepreciation
accruals |interest/revenue
prepaid
, LIFO |- |verified |answerslast |in |first |out
FIFO |- |verified |answersfirst |in |first |out
cost |of |goods |sold |- |verified |answersbeginning |inventory |plus |net |purchases |minus |ending |inventory
gross |profit |- |verified |answerssales |minus |cost |of |goods |sold
perpetual |- |verified |answersongoing
bank |reconciliation |- |verified |answersadjusted |bank |balance
adjusted |book |balance
straight |line |depreciation |- |verified |answerscost |- |salvage |value |/ |estimated |life
accounts |receivable |- |verified |answersbad |debt |expense
allowance |method
write |off |method
trading |- |verified |answersreported |at |Market |Value |after |adjustment |of |unrealized |gain |or |loss
help |to |maturity |- |verified |answersreported |at |cost
available |for |sale |- |verified |answersreported |at |Market |Value |after |adjustment |of |unrealized |gain |or |
loss
investments |- |verified |answerstrading
held |to |maturity
available |for |sale
maturity |date |- |verified |answersdate |principal |is |due |back
bond |discount |- |verified |answerscash |received |is |less |than |principal |
market |rate |is |more |than |contract
bond |premium |- |verified |answerscash |received |is |more |than |principal
market |rate |is |less |than |contract
effective |rate |of |interest |- |verified |answerseffective |interest |amortization
debenture |- |verified |answersbonds |backs |by |good |faith |of |issuer/borrower
present |value |- |verified |answersthe |value |of |future |dollars |in |terms |of |today's |dollar
par |value |- |verified |answersbook |value |of |stock
preferred |vs. |common |stock |- |verified |answerspreferred |are |paid |first
