The amount of income tax postponed for payments to future years is called ________________.

A trial balance that shows revenue and expense accounts with zero balances and balance sheet accounts at the end of the period is called a __________________.

Amounts owed for goods or services acquired under an informal credit agreement are called ___________________.

Which of the following accounts accumulate amounts for only a single accounting period?

The process of transferring entries in the general journal to the accounts in the general ledger is called ________________.

XYZ Company has just completed its first year of operations in Year 1. The company distributed dividends of $50,000. If the ending balance of Retained Earnings on December 31 of Year 1 is $70,000, and the company had revenues of $400,000 from Year 1 sales, then what is the total of the company's Year 1 expenses?

XYZ Company completed its second year of operations in Year 2. On January 1 of Year 2, the balance in Retained Earnings was $84,000. During the year, the company declared and paid a dividend of $65,000 to shareholders. The company reported net earnings of $105,000 in its Year 2 Income Statement. What was the balance in Retained Earnings on December 31 of Year 2?

A right granted to an individual or company that excludes others from manufacturing, using, or selling a certain process or device is called a _____________.

Amounts due from customers, for which the claim is in the form of a written promise to pay, are called ________________.

Which of the following is a type of liquid asset, such as a demand deposit?

Which of the following liabilities would be accounted for at the present value of future cash payments?