A(n)________________________________ Is a Numerical List of All of the Accounts

question 89

Short Answer

A(n)________________________________ is a numerical list of all of the accounts used by an entity.

---

Definitions:

Capital Surplus

Funds received by a company from the sale of shares in excess of their stated par value, recorded as equity in the financial statements.

Par Value

A face value assigned to a share of stock by the company's charter.

Cash Flow Test

A financial analysis method used to determine the liquidity of a company by assessing its ability to generate cash to pay its short-term obligations.

Equity Insolvency Test

A method to determine if a company can meet its financial obligations as they come due without having to sell off assets.