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Accounting I Chapter 15

Teacher: Julie Nordin - Earth Science
Across
The amount of inventory on hand at the beginning of a fiscal period.
Physical assets that will be used for a number of years in the operation of a business.
A trial balance prepared after adjusting entries are posted.
The actual count of merchandise at the end of a fiscal period.
Revenue earned in one fiscal period but not received until a later fiscal period.
The amount that will be received for an asset at the time of its disposal.
Down
The portion of a plant asset's cost that is transferred to an expense account in each fiscal period during the asset's useful life.
Cash and other assets expected to be exchanged for cash or consumed within a year.
The tax rate associated with a tax bracket.
A loss in the usefulness of a plant asset as a result of wear or obsolescence.
Transactions that are set up for automated entry in computerized accounting systems.
Each tax rate and taxable income amount on one line of a tax table.
The period of time over which an asset contributes to the earnings of a business.