Match the Terms Below with the Correct Definitions

question 40

Multiple Choice

Match the terms below with the correct definitions.
-Amount of unpaid wages owed to employees for wages earned between the last pay period end and the end of the fiscal period

• A)Fiscal year
• B)Trade-in value
• C)Accrued wages
• D)Work sheet
• E)Contra account
• F)Accounting cycle
• G)Mixed accounts
• H)Adjusting
• I)Depreciation

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Definitions:

Asset Revaluation

The process of adjusting the book value of a company's assets to reflect their current fair market values.

Dividends

Payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.

Surplus

The amount by which revenue exceeds expenses in a given period, indicating a positive financial state.

Share Option

A right granted by a company to its employees or executives to purchase shares in the company at a preset price, often used as part of compensation packages.