chapter 15

amount earned by a corporation and not yet distributed to stockholders

earnings distributed to stockholders

group of person elected by the stockholders to manage a corporation

action by a board of directors to distribute corporate earnings to stockholders

accounts recievable that cannot be collected

crediting the estimated value of uncollectible accounts to a contra account

difference between an asset's account balance and its related contra account balance

allowance for uncollectible accounts

cash and other assets expected to be exchanged for cash and consumed within a year

assets that will be used for a number of years in the operation of business

portion of a plan asset's cost that is transferred to an expense account in each fiscal period during a plan asset's useful life

price of asset, delivery costs, and any necessary installation costs

the amount an owner expects to recieve when a plant asset is removed from use

charging an equal amount of depreciation expense for a plan asset each year of useful life

total amount of depreciation expense that has been recorded since the purchase of a plant asset

original cost of a plant asset minus accumulated depreciation