Section 1: Match the Appropriate word with its definition. (1 Points Each)

_____1. The total compensation earned by an employee.

_____2. A potential liability that may become an actual liability in the future.

_____3. Land plus any permanent improvements to the land.

_____4. A table that shows the balance of principal and interest payments for each mortgage payment.

_____5. Assets with physical substance.

_____6. Rights, Privileges or benefits of an asset that do not have physical substance.

_____7. Process of allocating expenses of a plant asset over its useful life.

_____8. Estimate of the assets value at the end of its useful life.

_____9. Stock that has been repurchased by the issuing firm.

_____10. The net income that a corporation retains for its future use.

_____11. A corporations distribution of cash or stock to its stockholders on a pro-rata basis.

_____12. Indicates the net income earned by each share of outstanding common stock.

_____13. Include the cash effects of transactions that create revenue and expenses.

_____14. Acquiring and disposing of investments in property, plant and equipment.

_____15. Obtaining cash from issuing debt and repaying the amounts borrowed.

_____16. Events that are unusual in nature and infrequent in occurrence.

1. Depreciation
2. Amortization Schedule
3. Dividend
4. Gross Earnings
5. Tangible Assets
6. Salvage Value
7. Earnings Per Share
8. Real Estate/Real Property
9. Treasury Stock
10. Intangible Asset
11. Retained Earnings
12. Contingent Liability

1. Financing Activity
2. Operating Activity
3. Investing Activities
4. Extraordinary Items