Chapter 3

3. amount earned by corporation not distrubuted to stockholders
5. financial statements reporting revenue, costs, and direct expenses under department control
7. statement showing gross profit for each department
9. financial statement showing changes in corporation's ownership for fiscal period
11. financial statement that reports assets, liabilities, owners equity
15. percentage relationshop between one financial statement item
18. revenue earned by department less its cost of merchandise
19. list of customer accounts, account balances and total amount due
21. columnar acocunting form to summarize general ledger information for financial statements
24. statement that reposrts demartmental margin for specific department
25. assets that will be used for number of years in operation of the business
26. series of accounting activites included in recoding the financial information
27. counting,weighing, or measuring items of merchandise on hand
28. control of business revenues,costs, and expenses

1. portion of plant assets costs that's transferred to an expense accountduring plant asset's useful life
2. estimating inventory by using th eprovious year's percentage of gross profit
4. list of vendors, account balances, and total amount due
6. total shares of owenership in corporation
8. financial statement showing revenue and expenses for fiscal period
10. operating expense indentifiable with chargeable to operation of specific department
12. length of time for a business summarizes reports financial information
13. amount of revenue from sales less cost of goods sold
14. operating expense chargeable to the overall business operations
16. trial balance prepared after closing entries are posted
17. journal entries recorded to update general ledger at the end of fiscal period
20. earnings distrubted to stockholders
22. proof of equality of debits and credits in general ledger
23. inventory determined by having continous record of increases, decreases and balances on hand