Accounting Snowman game about Accounting

Liabilities	Answer: Amounts owed to creditors.	1	0	false
revenues	The difference between _____ and expenses.	2	1	true
Revenues	Answer: Amounts earned from selling products or services to customers.	3	0	false
Dividens	Answer: If the corporation has positive net income, it typically will distribute to its owners, the stockholders, some of those profits in form of a cash payment.	4	0	false
Asset	Answer: Resources owned by a company.	5	0	false
Expenses	Answer: The costs of providing products and services.	7	0	false
Accounting Equation	Answer: The 3 measurement categories: Asset = Liabilities + Stockholder's Equity	8	0	false

Question	Answer
Liabilities	Amounts owed to creditors.
Net Income	The difference between revenues and expenses.
Revenues	Amounts earned from selling products or services to customers.
Dividens	If the corporation has positive net income, it typically will distribute to its owners, the stockholders, some of those profits in form of a cash payment.
Asset	Resources owned by a company.
Stockholder's Equity	Owner's claim to resources.
Expenses	The costs of providing products and services.
Accounting Equation	The 3 measurement categories: Asset = Liabilities + Stockholder's Equity