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Financial Accounting Terms

Jessica Keller
BA 212 Spring Term 2017

Across
An asset is considered obsolete when a newer asset can perform the job more efficiently than the old
The corporation that issued the bond or stock to the investor
The revenue to the payee for loaning money-the expense to the debtor
A monetary claim against a business or an individual
The process by which businesses spread the allocation of a plant asset's cost over its useful life
Exclusive right to reproduce and sell a book, musical composition, film, other work of art, or intellectual property
A permanent decline in asset value
Debts that are owed to creditors
The process by which businesses spread the allocation of an intangible asset's cost over its useful life
An intangible asset that is a federal government grant conveying an exclusive 20 year right to produce and sell a process, product, or formula
Unsecured bonds backed only by the credit worthiness of the bond issuer
The owner of a bond or stock of a corporation
A distribution of a corporation's earnings to stockholders
Down
The party to a credit transaction who takes on an obligation/payable
A share or interest representing financial value
The amount loaned out by the payee and borrowed by the maker of the note
An asset that represents distinctive identifications of a product or service
Privilege granted by a business to sell a product or service under specified conditions
Excess of the cost of an acquired company over the sum of the market values of its net assets
The process by which businesses spread the allocation of a natural resource's cost over its useful life
The amount above par at which a stock is issued
Privilege granted by a government to use public property in performing services
A stream of equal cash payments made at equal time intervals
Debit balance in the Retained Earnings account