(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.
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DR: allowance for doubtful accounts, CR: accounts receivable
title of goods changes hands at the shipping date (takes responsibility at the start of the journey)
DR: Interest Expense, CR: Bond Discount, Cash
purchase transactions are recorded directly in an inventory account
Sales Revenue – Credit Card and Sales Discount – Sales Returns and Allowances
DR: Cash, CR: Bond Premium, Bonds Payable
Inventory method ends up with a higher net income
Raw Materials, Work in Process, and Finished Goods
The chance that the future event or events will occur is more than remote but less than likely that is disclosed on the footnote but not on the balance sheet
((Cost – Residual Value) / Estimated Total Production) * Actual Production
rate set by markets at the time of issuance
title of goods changes hands on delivery (company takes responsibility until the end of the journey)
DR: Bad Debt Expense, CR: Allowance for Doubtful Accounts
Book Value > Cash Paid to Retire Bonds
inventory method ends up with least income tax
physical substance that includes land, buildings, equipment, etc.
no physical substance that includes patents, copyrights, goodwill, etc.
expensed in the period incurred
Principal * Annual Interest Rate* (Number of Months/ 12 months)
equals the amount by which the purchase price exceeds fair market value of net assets acquired
Book Value < Cash Paid to Retire Bonds
The chance that the future event or events will occur is slight that will not be recorded on the footnote or balance sheet
annual interest rate paid
added to the asset account (capitalize)
: occurs when one company buys another company
(Cost – Residual Value) * (1/ Useful Life)
The chance that the future event or events will occur is high that appears as a liability on the Balance Sheet
no assets are pledged as guarantee of repayment at maturity
No up-to-date record of inventory is maintained during the year
(Beginning Inventory + Purchases of Merchandise during the Year) – Ending Inventory
