5. a financial ratio that indicates whether a company's current assets will be sufficient to meet the company's obligations when they become due: liquidity ratio

6. Total current assets/ Total current liabilities: Current ratio
U2: Cash and cash liquidity 
1. T 2.F 3.T 4.T 

2.    To purchase a company

3.    Petty cash: small amount of money available for paying small expenses without writing a check

4.    Cash

5.    Liquidity ratio

6.    Current ratio
1. T 2F 3F  4T
TOPIC2
1.    The quantity or number of goods sold or services sold in the normal operations of a company in a specified period.

2.    A business unit or segment that generates revenues and incurs costs, using company’s resources to generate income

3.    A company that distributes products to retailers

4.    Gross profit

5.    Fixed costs

6.    Operating earning
1F 2F 3T 4T
TOPIC 3

1.    Expenses that respond directly and proportionately to changes in production, sales, or some other activity

2.    A benefit whereby employees may share in the profits of the business

3.    Stop rising or falling

4.    Employee benefits

5.    Spike

6.    Charitable
1T 2T 3F 4F
TOPIC 4

1.    Knowledge such as recipes or designs

2.    The legal protection of a idea or invention

3.    Include reputation, popularity, location

4.    Copyright

5.    Amortization

6.    Tangible assests
1F 2F 3T 4T
TOPIC 5

1.    Purchase st and pay later

2.    A small amount delivered periofically 

3.    Pay for st prior to receiving it

4.    Allocate

5.    Cash basis accounting

6.    Prepaid expense
1T 2T 3F 4F
TOPIC 6

1.    A document stating what is owed

2.    Period the length of time for repaying borrowed money

3.    Take st that you earn of given in period of time into the next one

4.    Accruals

5.    Unpaid expenses 

6.    Accounts payable
1F 2T 3T 4T
TOPIC7

1.    A detail that is alarming

2.    A study of an area

3.    Fail to pay someone for goods or services

4.    Audit trail

5.    Abnormally

6.    Adjusting entry

1F 2T 3F 4T

2. Buy out: to purchase a company

3. Petty cash: a small amount of money available for paying small expenses without writing a check

4. A current asset account which includes currency, coins, checking accounts, undeposited checks received from customers, and petty cash : cash

5. a financial ratio that indicates whether a company's current assets will be sufficient to meet the company's obligations when they become due: liquidity ratio

6. Total current assets/ Total current liabilities: Current ratio
T/F Cash and Cash liquidity
1. T
2. F
3. F
4. T
Topic 2
1. Sales volume: The quantity or number of goods sold or services sold in the normal operations of a company in a specified period.

2. Profit center :A business unit or segment that generates revenues and incurs costs, using company's resources to generate income

3. Wholesaler: A company that distributes products to retailers

4. Sales revenue minus COGS: gross profit

5. Costs that do not change from month to month: fixed costs

6. The money retained after fixed and variable expenses: operating earnings
T/F
1. F
2. F
3.T
4.T
Topic 3
1.Variable expense: expenses that respond directly and proportionately to changes in production, sales, or some other activity

2.profit sharing plan: a benefit whereby employees may share in the profits of the business

3.level off: to stop rising or falling

4.They include allowance, paid vacation, perk and bonuses, insurance, and so on: employee benefits

5.A sharp, dramatic rise: spike

6.Done to help other people: Charitable
T/F
1. T
2. T
3. F
4. F
Topic 4
1.Trade secret : knowledge such as recipes or designs

2.Patent right: the legal protection of an idea or invention

3.Goodwill : this includes reputation, popularity, and location

4.The legal protection of written materials: copyright

5.The gradual reduction of the value of an intangible asset: amortization

6.Physical objects with value (buildings, computers, vehicles, plants, equipment) :tangibles assets
T/F
1.F
2.F
3.T
4.T
Topic 5
1.On credit: to purchase something and pay for it later

2.Increment A small amount delivered periodically

3.Advance payment To pay for something prior to receiving it

4.To assign something in particular location: allocate

5.Record revenues only when received the cash for that sale, Record expenses when they actually pay for them in cash. Cash basis accounting

6.Expense that Covers products/ services paid ahead of time: prepaid expenses
T/F
1. T
2. T
3. F
4. T
Topic 6
1.Bill : a document stating what is owed

2.Loan :period the length of time for repaying borrowed money

3.Carry over: take something that you earn or are given in one year or period of time into the next one

4.Amounts that are accumulated over time : accruals

5.Expense that has been incurred, but there is NOT yet any expenditure documentation : unpaid expenses

6.To be made to lose money or have to pay a charge : accounts payable
T/F
1. F
2. T
3. T
4. T
Topic 7
1.Red flag : a detail that is alarming

2.Sweep: a study of an are or a set of information

3.Stiff : to fail to pay someone for goods or services

4.Detailed records that are easy to study : audit trails

5.Odd; out of the ordinary : abnormally

6.Accounting journal entries that convert a company's accounting records to the accrual basis of accounting. They are made just prior to issuing a company's financial statements. Adjusting entry
T/F 
1. F
2. T
3. F
4. T

2. a small amount delivered periodically

3.to pay for something prior to receiving it

4. allocate

5.cash basis accounting

6. prepaid expenses
True/ False part: 
1. T 
2. T 
3. F 
4. T 
- Topic 6: 
1.  an document stating what is owed 
2. period the length of the time for repaying borrowed money 
3. take sth that u earn or are given in one year or period of time into the next one 
4. accruals 
5. unpaid expenses 
6. accounts payable 
True/ False part 
1. F 
2. T 
3. F 
4. T 
- Topic 7: 
1. a detail that is alarming 
2. a study of an area or set of information 
3. to fail to pay someone for goods or services 
4. audit trails 
5. abnormally 
6. adjusting entry 
True/ False part: 
1. F 
2. T 
3. F 
4. T

2. Buy out: to purchase a company

3. Petty cash or a petty cash fund is a small amount of money available for paying small expenses without writing a check. The amount of petty cash will vary by company and may be in the range of $30 to $300.

4. Cash

5. Liquidity ratios

6. Current ratio

Ex2:

1T 2F 3F 4T

TOPIC 2: P&L STATEMENT
1. Sales volume: The number of items or products or services sold by a business over a period of time.
2. Profit center: A company that incurs costs and also generates revenues.
3. Wholesaler: a person or company that sells goods in large quantities at low prices, typically to retailers.
4. Sales revenue minus COGS: Gross margin
5. Fixed costs
6. Operating earnings
1F 2F 3T 4T

2.  a benefit whereby employees may share in the profits of the business

3. : to stop rising or falling

4. employee benefits

6. Charitable

add

4
1, knowledge such as recipes or designs
2, the legal protection of an idea or invetion
3, this includes reputation, popularity, and location
4, copyright
5, amortization
6, tangible assets
1F 2F 3T 4T
5
1, to perchase something and pay for it later
2, a small amount delivered periodically
3, to pay for sth prior to receiving it
4, allocate
5, cash basis accounting
6, prepaid expenses
1T 2T 3F 4F
6
1, a document stating what is owed
2, period the length of time for re paying borrowed money
3, take sth that you earn or are given in one year period of time into the next one
4, accruals
5, unpaid expenses
6, incur
1F 2T 3F 4T

2. profit sharing plan: a benefit whereby employees may share in the profits of the business

3. level off: to stop rising or falling

4. They include allowance, paid vacation, perk and bonuses, insurance, and so on: employee benefits

5. A sharp, dramatic rise: spike

6. Done to help other people: Charitable

II,
1. T
2. T
3. F
4. F

T/F
1.F 2.T 3.F 4.T

2. profit sharing plan: a benefit whereby employees may share in the profits of the business

3. level off: to stop rising or falling

4. They include allowance, paid vacation, perk and bonuses, insurance, and so on: employee benefits

5. A sharp, dramatic rise: spike

6. Done to help other people: Charitable
1.T 2.T 3.F 4.F
Topic 4:
1.Trade secret : knowledge such as recipes or designs

2.Patent right: the legal protection of an idea or invention

3.Goodwill : this includes reputation, popularity, and location

4.The legal protection of written materials: copyright

5.The gradual reduction of the value of an intangible asset: amortization

6.Physical objects with value (buildings, computers, vehicles, plants, equipment) :tangibles assets
 TRUE/FALSE
1.F 2.F 3.T 4.T
Topic 5
1. On credit: to purchase something and pay for it later
2. Increment: A small amount delivered periodically
 3. Advance payment To pay for something prior to receiving it
4. To assign something in particular location: allocate
5. Record revenues only when received the cash for that sale, Record expenses when they actually pay for them in cash: cash basis accounting
6. Expense that Covers products/ services paid ahead of time: prepaid expenses
1T 2T 3F 4T
Topic 6
1. Bill : a document stating what is owed
2. Loan : period the length of time for repaying borrowed money
3. Carryover: take something that you earn or are given in one year or period of time into the next one
 4. Amounts that are accumulated over time: accruals
 5. Expense that has been incurred, but there is NOT yet any expenditure documentation: accrued expenses
6. To be made to lose money or have to pay a charge: accounts payable 
1. F 2.T 3.T 4.T
Topic 7
1. Red flag : a detail that is alarming

2. Sweep: a study of an area or a set of information

3. Stiff : to fail to pay someone for goods or services

4. Detailed records that are easy to study : audit trails

5. Odd; out of the ordinary : abnormally

6. Accounting journal entries that convert a company's accounting records to the accrual basis of accounting. They are made just prior to issuing a company's financial statements. Adjusting entry
T&F
1. F 2.F 3.T 4.F

4.    Employee benefits

5.    Spike

6.    Charitable

II
1.T
2.T
3.F
4.T

TOPIC 4
1. form of formula, practice, process, design, instrument, pattern, commercial method or comlilation of information that is not generally known for
2. the legal protection of an idea or invention
3. this includes reputation, popularity, and location
4. copyright
5. amortization
6. tangibles assets
II.
1. F
2. F
3. T
4. T

TOPIC 5
I
1. to purchase something and pay for it later

2. A small amount delivered periodically

3. To pay for something prior to receiving it

4. allocate

5. Cash basis accounting

6. prepaid expenses
II
1.T
2.T
3.F
4.F

TOPIC 6
I
1 . a document stating what is owed

2. the length of time for repaying borrowed money

3. take something that you earn or are given in one year or period of time into the next one

4. accruals

5. unpaid expenses

6. accounts payabe
II
1. F 2.T 3.T 4.T

TOPIC 7
I
1. a detail that is alarming

2.a study of an are or a set of information

3. to fail to pay someone for goods or services

4. audit trails

5. abnormally

6. Adjusting entry
II
1. F 2.T 3.F 4.T

1.Liquidity: a ability to convert assets into cash

2.2. Buy out: to purchase a company

3. Petty cash: a small amount of money available for paying small expenses without writing a check

4. A current asset account which includes currency, coins, checking accounts, undeposited checks received from customers, and petty cash : cash

5. a financial ratio that indicates whether a company's current assets will be sufficient to meet the company's obligations when they become due: liquidity ratio

6. Total current assets/ Total current liabilities: Current ratio

T/F CASH AND CASH LIQUIDITY
1.T        2.F           3.F            4.T
III- P&L Statements

1. Sales volume: The quantity or number of goods sold or services sold in the normal operations of a company in a specified period.

2. Profit center:A business unit or segment that generates revenues and incurs costs, using company's resources to generate income

3. Wholesaler: A company that distributes products to retailers

4. Sales revenue minus COGS: gross profit

5. Costs that do not change from month to month: fixed costs

6. The money retained after fixed and variable expenses: operating earnings
T&F Statements
1. F 2. F 3.T 4.T
III- Variable expense
1. Variable expense: expenses that respond directly and proportionately to changes in production, sales, or some other activity

2. profit sharing plan: a benefit whereby employees may share in the profits of the business

3. level off: to stop rising or falling

4. They include allowance, paid vacation, perk and bonuses, insurance, and so on: employee benefits

5. A sharp, dramatic rise: spike

Done to help other people: Charitable

T & F
1. T 2. T 3. F 4.F
IV- Intangible assets
1.Trade secret : knowleqge such as recipes or designs

2.Patent right: the legal protection of an idea or invention

3.Goodwill : this includes reputation, popularity, and location

4.The legal protection of written materials: copyright

5.The gradual reduction of the value of an intangible asset: amortization

6.Physical objects with value (buildings, computers, vehicles, plants, equipment) :tangibles assets
T & F Intangible assets
1. F 2.F 3.T 4.T
V- Accrual Basis Acounting
1. On credit: to purchase something and pay for it later

2.  Increment A small amount delivered periodically

3 Advance payment To pay for something prior to receiving it

4 .To assign something in particular location: allocate

5 .Record revenues only when received the cash for that sale, Record expenses when they actually pay for them in cash. Cash basis accounting

6 .Expense that Covers products/ services paid ahead of time: prepaid expenses

VI- Unpaid expenses
1 .Bill : a document stating what is owed

2. Loan :period the length of time for repaying borrowed money

3. Carry over: take something that you earn or are given in one year or period of time into the next one

4. Amounts that are accumulated over time : accruals

5. Expense that has been incurred, but there is NOT yet any expenditure documentation : unpaid expenses

6. To be made to lose money or have to pay a charge : accounts payabe
T& F
1. F 2.T 3.T 4.T
VII - End of period procedures
1. Red flag : a detail that is alarming

2. Sweep: a study of an are or a set of information

3. Stiff : to fail to pay someone for goods or services

4. Detailed records that are easy to study : audit trails

5. Odd; out of the ordinary : abnormally

6. Accounting journal entries that convert a company's accounting records to the accrual basis of accounting. They are made just prior to issuing a company's financial statements. Adjusting entry
T&F
1. F 2.F 3.T 4.F

2.level off: to stop rising or falling

4.They include allowance, paid vacation, perk and bonuses, insurance, and so on: employee benefits

5.A sharp, dramatic rise: spike

6.Done to help other people: Charitable

Ex2:
1T 2T 3F 4F
Topic 4:
1.Trade secret : knowleqge such as recipes or designs

2.Patent right: the legal protection of an idea or invention

3.Goodwill : includes reputation, popularity, location

4.The legal protection of written materials: copyright

5.The gradual reduction of the value of an intangible asset: amortization

6.Physical objects with value :tangibles assets
Ex2:
1T 2T 3T 4T

1.On credit: to purchase something and pay for it later

2.Increment: a small amount delivered periodically

3.Advance payment:to pay for something prior to receiving it

4. Allocate

5.Cash basis accounting

6. Prepaid expenses
Ex2:
1T 2T 3F 4F
Topic 6:
1.Bill : a document stating what is owed

2.Loan :period the length of time for repaying borrowed money

3.Carry over: take something that you earn or are given in one year or period of time into the next one

4. Accruals

5. Unpaid expenses

6. Accounts payabe
Ex2:
1F 2T 3T 4F
Topic 7:
1. red flag : a detail that is alarming

2. sweep: a study of an are or a set of information

3. stiff : to fail to pay someone for goods or services

4. audit trails

5. abnormally

6. adjusting entry
Ex2
1T 2F 3T 4F

2. Loan :period the length of time for repaying borrowed money

3. Carry over: take something that you earn or are given in one year or period of time into the next one

4. Amounts that are accumulated over time : accruals

5. Expense that has been incurred, but there is NOT yet any expenditure documentation : unpaid expenses

6. To be made to lose money or have to pay a charge : accounts payable

1. F
2.T
3.T
4.T

Topic 7:
1. Red flag : a detail that is alarming

2. Sweep: a study of an are or a set of information

3. Stiff : to fail to pay someone for goods or services

4. Detailed records that are easy to study : audit trails

5. Odd; out of the ordinary : abnormally

6. Accounting journal entries that convert a company's accounting records to the accrual basis of accounting. They are made just prior to issuing a company's financial statements. Adjusting entry

1. F 
2. F 
3. T 
4. F

2.period the length of time for repaying borrowed money

3. take something that you earn or are given in one year or period of time into the next one

4. accruals

5. unpaid expenses

6.accounts payable

ex 2
f t t t
topic 5
ex 1
1.to purchase something and pay for it later

2. A small amount delivered periodically

3. To pay for something prior to receiving it

4. allocate

5.. Cash basis accounting

6. prepaid expenses
ex 2
t t f t

topic 4:
ex 1:
1.Knowleqge such as recipes or designs

2.The legal protection of an idea or invention

3.This includes reputation, popularity, and location

4. Copyright

5.Mortization

6.Tangibles assets

ex2 
F F T T

TOPIC 3
EX1:
1. Expenses that respond directly and proportionately to changes in production, sales, or some other activity
2.A benefit whereby employees may share in the profits of the business

3. To stop rising or falling

4. Employee benefits

5. Spike

6. Charitable

EX2
1.T
2.T
3.F
4.F
1. A ability to convert assets into cash
2.To purchase a company 
3. A small amount of money available for paying small expenses without writing a check
4. Cash
5. Liquidity ratio 
6. Current ratio
1. T
2. F
3. F
4. T
TOPIC 2
EX1:
1. The quantity or number of goods sold or services sold in the normal operations of a company in a specified period.
2.A business unit or segment that generates revenues and incurs costs, using company's resources to generate income

3. A company that distributes products to retailers

4. Gross profit

5. Fixed costs

6. Operating earnings
EX2:
1.F
2.F
3.T
4.T

—-

2.2. Buy out: to purchase a company

3. Petty cash: a small amount of money available for paying small expenses without writing a check

4. A current asset account which includes currency, coins, checking accounts, undeposited checks received from customers, and petty cash : cash

5. a financial ratio that indicates whether a company's current assets will be sufficient to meet the company's obligations when they become due: liquidity ratio

6. Total current assets/ Total current liabilities: Current ratio

II.
1. T
2. F
3. F
4.T
I

III- P&L Statements
1. Sales volume: The quantity or number of goods sold or services sold in the normal operations of a company in a specified period.

2. Profit center:A business unit or segment that generates revenues and incurs costs, using company's resources to generate income

3. Wholesaler: A company that distributes products to retailers

4. Sales revenue minus COGS: gross profit

5. Costs that do not change from month to month: fixed costs

6. The money retained after fixed and variable expenses: operating earnings
T&F Statements
1. F 2. F 3.T 4. T
III- Variable expense
1. Variable expense: expenses that respond directly and proportionately to changes in production, sales, or some other activity

2. profit sharing plan: a benefit whereby employees may share in the profits of the business

3. level off: to stop rising or falling

4. They include allowance, paid vacation, perk and bonuses, insurance, and so on: employee benefits

5. A sharp, dramatic rise: spike

Done to help other people: Charitable
T & F
1. T 2. T 3. F 4.F
IV -Intangible assets
1. Trade secret : knowleqge such as recipes or designs

2. Patent right: the legal protection of an idea or invention

3. Goodwill : this includes reputation, popularity, and location

4. The legal protection of written materials: copyright

5. The gradual reduction of the value of an intangible asset: amortization

6. Physical objects with value (buildings, computers, vehicles, plants, equipment) :tangibles assets
T & F Intangible assets
1. F 2.F 3.T 4.T
V- Accrual basis accounting
1. On credit: to purchase something and pay for it later

2. Increment A small amount delivered periodically

4. To assign something in particular location: allocate

5. Record revenues only when received the cash for that sale, Record expenses when they actually pay for them in cash. Cash basis accounting

6. Expense that Covers products/ services paid ahead of time: prepaid expenses
T& F
1. T 2.T 3. F 4.T

2. Profit center:A business unit or segment that generates revenues and incurs costs, using company's resources to generate income

3. Wholesaler: A company that distributes products to retailers

4. Sales revenue minus COGS: gross profit

5. Costs that do not change from month to month: fixed costs

6. The money retained after fixed and variable expenses: operating earnings
TRUE/FALSE
1. F 2.F 3.T 4.T

Topic 3: VARIABLE EXPENSES
1.Variable expense: expenses that respond directly and proportionately to changes in production, sales, or some other activity

2.profit sharing plan: a benefit whereby employees may share in the profits of the business

3.level off: to stop rising or falling

4.They include allowance, paid vacation, perk and bonuses, insurance, and so on: employee benefits

5.A sharp, dramatic rise: spike

Done to help other people: Charitable
TRUE/FALSE
1.T 2.T 3.F 4.F

TOPIC 4: INTANGIBLE ASSETS
1.Trade secret : knowledge such as recipes or designs

2.Patent right: the legal protection of an idea or invention

3.Goodwill : this includes reputation, popularity, and location

4.The legal protection of written materials: copyright

5.The gradual reduction of the value of an intangible asset: amortization

6.Physical objects with value (buildings, computers, vehicles, plants, equipment) :tangibles assets
TRUE/FALSE
1.F 2.F 3.T 4.T

ex1:
1.  Liquidity: the ability to convert assets into cash
2. Buy out: to purchase the company
3.  Petty cash: small amount of money available for paying small expenses without writing check
4. A current asset account which
includes currency, coins,
checking accounts, undeposited
checks received from
customers, and petty cash: Cash
5. A financial ratio that indicates
whether a company's current
assets will be sufficient to meet
the company's obligations when
they become due: Liquidity ratio
6. Total current assets/ Total
current liabilities: Current ratio
ex2:
1. True
2. False
3. False
4. True
topic 2
1. Sales volume: The quantity or
number of goods sold or services
sold in the normal operations of a
company in a specified period.
2. Profit center: A business unit
or segment that generates
revenues and incurs costs, using
company's resources to generate
income
3. Wholesaler: A company that
distributes products to retailers
4. Sales revenue minus COGS:
gross profit
5. Costs that do not change from
month to month: fixed costs
6. The money retained after
fixed and variable expenses:
operating earnings
ex2:
1, F
2, F
3. T
4. T
topic 3
1. Variable expense: expenses that respond directly and proportionately to changes in production, sales, or some other activity
2. profit-sharing plan: a benefit whereby employees may share in the profits of the business
3. level off to stop rising or falling
4. They include allowance, paid vacation, perk and bonuses, insurance, and so on: employee benefits
5. A sharp, dramatic rise: spike 
6. Done to help other people: Charitable
ex2:
1.T
2, T
3, F
4. F

____________
TOPIC2

—--

1F 

2F 

3T

4T

___________________
TOPIC 3

           the amounts in the report are variable from month to month

—---

1T

2T

3F

4F

____________
TOPIC 4:

—--

1F

2F

3T

4T

_____________
TOPIC 5
1. on credit: to purchase something and pay for it later 
2. increment: a small amount delivered priodically 
3. advance payment: to pay for something prior to receiving it 
4. allocate 
5. cash basis accounting 
6. prepaid expenses 
----- 
1F 
2T 
3T 
4F