Which of the following accounts is NOT an expense?

______ refers to shares originally issued and outstanding that have been reacquired from the owners.

The estimated and unpaid liability for current income taxes is called ______________.

The cumulative amount of net income in excess of dividends declared that has been earned by a business since its inception is called ___________________.

From the following list of accounts and account balances, determine the amount that would be properly classified as Property, Plant, & Equipment. $100,000 - Land Used in Business $60,000 - Machinery Leased from Others ($80,000) - Accumulated Depreciation $140,000 - Inventories $40,000 - Land Held for Future Plant Site $200,000 - Building $50,000 - Investment in Stock of Construction Company

The cumulative amount of net income in excess of dividends declared that has been earned by a business since its inception is called ___________________.

The estimated and unpaid liability for current income taxes is called ______________.

______ refers to shares originally issued and outstanding that have been reacquired from the owners.

Which of the following accounts is NOT an expense?

The balance in the ______ account reflects the cumulative depreciation of an asset since its acquisition.