Accounting 100

Preferred Stock – Stock that gets certain contractual rights and privileges over common stock holders.
Which of the following accounts is not closed to Income Summary?
A. Cost of Goods Sold.
B. Inventory.
C. Sales Revenue.
D. Sales Discounts. – B
Interest – Money paid for the use of money is called
budget account – Haushaltskonto
Net working capital – current assets – current liabilities
limit order to sell – an order to sell stocks only if the can be sold a certian price
credits – strona kredytowa (ma)
Show the C++ statement needed to capture the user's input. The user will be entering his/her age. Use the variable, age, which has already been declared. Do not include excess code. 
Fixed liabilities – Debts that are not due & payable within a year are called
Dividends – Stockholders' Equity
accounting treatment for expenditures – depends on whether they are classified as capital expenditures, or expenses
Direct Labor – integral part of finished product, touched labor
Accounts Payable – Unwritten promises of a business to pay creditors
Account. – A device for recording the changes (increases or decreases) in the fundamental accounting elements.
Shоw the C++ stаtement needed tо cаpture the user's input. The user will be entering his/her аge. Use the variable, age, which has already been declared. Dо not include excess code. 
Generally accepted accounting principle (GAAP) – Procedures and guild lines developed by the financial accounting standard board to be followed in the accounting and reporting process
book value – determined by subtracting the credit balance in the accumulated depreciation account from the debit balance in the associated asset account

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