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Final Study guide

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
show A current liability  
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The entry to record the issuance of an interest-bearing note   show
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A note payable is in the form of   show
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Sales taxes collected by a retailer are recorded by   show
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show expenses of the customers  
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show federal unemployment taxes  
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show Federal income tax.  
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show Government regulation.  
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show profit and not-for-profit.  
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Jason Thomas has invested $200,000 in a privately held family corporation.   show
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The primary purpose of the statement of cash flows is to   show
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Financing activities involve   show
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Investing activities include   show
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Cash receipts from interest and dividends are classified as   show
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show annual rate.  
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Bonds that mature at a single specified future date are called   show
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show publicly held and privately held  
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show bond indenture  
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show corporation.  
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Stockholders of a corporation directly elect the   show
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show controller  
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show a corporation is subject to more federal and state government regulations  
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What amount does T Thomas stand to lose?   show
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show Limited liability of stockholders.  
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show legally significant  
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The statement of cash flows summarizes   show
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Created by: haleybergeron
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