Accounting Snowman game about Accounting

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.	1	0	false
Asset	Answer: Resources owned by a company.	3	0	false
Net Income	Answer: The difference between revenues and expenses.	4	0	false
Expenses	Answer: The costs of providing products and services.	5	0	false
Accounting Equation	Answer: The 3 measurement categories: Asset = Liabilities + Stockholder's Equity	6	0	false
products	Amounts earned from selling _____ or services to customers.	7	1	true
Liabilities	Answer: Amounts owed to creditors.	8	0	false

Question	Answer
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.
Stockholder's Equity	Owner's claim to resources.
Asset	Resources owned by a company.
Net Income	The difference between revenues and expenses.
Expenses	The costs of providing products and services.
Accounting Equation	The 3 measurement categories: Asset = Liabilities + Stockholder's Equity
Revenues	Amounts earned from selling products or services to customers.
Liabilities	Amounts owed to creditors.