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Jeopardy. Choose a category. You will be given the answer. You must give the correct question. Click to begin. Choose a point value. Choose a point value. Click here for Final Jeopardy. Category A. Category B. Category C. Category D. Category E. Category F. 10 Point. 10 Point.

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Jeopardy

Choose a category.

You will be given the answer.

You must give the correct question.

Click to begin.


Choose a point value.

Choose a point value.

Click here for Final Jeopardy


Category A

Category B

Category C

Category D

Category E

Category F

10 Point

10 Point

10 Point

10 Point

10 Point

10 Point

20 Points

20 Points

20 Points

20 Points

20 Points

20 Points

30 Points

30 Points

30 Points

30 Points

30 Points

30 Points

40 Points

40 Points

40 Points

40 Points

40 Points

40 Points

50 Points

50 Points

50 Points

50 Points

50 Points

50 Points



The process of identifying, measuring, and communicating economic information to various users


alternate term economic information to various users


Original cost or historical cost. economic information to various users




asset accountants.



auditing accountants.


The process of examining the financial statements and the underlying records of a company to render an opinion as to whether the statements are fairly presented.


balance sheet underlying records of a company to render an opinion as to whether the statements are fairly presented.


The financial statement that summarizes the assets, liabilities, and owners’ equity at a specific point in time. Alternate term: Statement of financial position.


bond liabilities, and owners’ equity at a specific point in time.


A certificate that represents a corporation’s promise to repay a certain amount of money and interest in the future.


business repay a certain amount of money and interest in the future.


All the activities necessary to provide the members of an economic system with goods and services.


business entity economic system with goods and services.


An organization operated to earn a profit. economic system with goods and services.


capital stock economic system with goods and services.


Indicates the owners’ contributions to a corporation. economic system with goods and services.


time period economic system with goods and services.



Certified Public Accountant (CPA) preparing financial statements.


The designation for an individual who has passed a uniform exam administered by the AICPA and has met other requirements as determined by individual states.


corporation exam administered by the AICPA and has met other requirements as determined by individual states.


A form of entity organized under the laws of a particular state; ownership evidenced by shares of stock.


cost principle state; ownership evidenced by shares of stock.


Assets are recorded at the cost to acquire them. state; ownership evidenced by shares of stock.


creditor state; ownership evidenced by shares of stock.


Someone to whom a company or person has a debt. state; ownership evidenced by shares of stock. Alternate term: Lender.


dividends state; ownership evidenced by shares of stock.





financial accounting accounted for in all situations.


The branch of accounting concerned with the preparation of financial statements for outsider use.


Financial Accounting Standards Board (FASB) financial statements for outsider use




The various methods, rules, practices, and other procedures that have evolved over time in response to the need to regulate the preparation of financial statements.


International Accounting Standards Board (IASB) that have evolved over time in response to the need to regulate the preparation of financial statements.



going concern standards.


The assumption that an entity is not in the process of liquidation and that it will continue indefinitely.


management accounting liquidation and that it will continue indefinitely.


The branch of accounting concerned with providing management with information to facilitate planning and control.


monetary unit with information to facilitate planning and control.


The yardstick used to measure amounts in financial statements; the dollar in the United States.


statement of retained earnings statements; the dollar in the United States.


The statement that summarizes the income earned and dividends paid over the life of a business.


Public Company Accounting Oversight Board (PCAOB) dividends paid over the life of a business.



statement of cash flows set auditing standards.


The financial statement that summarizes a company’s cash receipts and cash payments during the period from operating, investing, and financing activities.


International Accounting Standards Board (IASB) receipts and cash payments during the period from operating, investing, and financing activities.



revenue standards.



nonbusiness services. entity



Final Jeopardy a profit.

Make your wager


Final Answer a profit.

An act of Congress in 2002 intended to bring reform to corporate accountability and stewardship in the wake of a number of major corporate scandals.


Final a profit.Question

Sarbanes-Oxley Act


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