Ultimate WGU D102 Financial Accounting Key
Terms Mastery Guide: 2025
Verified & Officially Updated Complete List of ALL Essential Terms with 100% Accurate Definitions | Comprehensive Study Resource | Guaranteed Concept Clarity & Exam Confidence 1 / 4
Bonus Additional compensation beyond the regular compensation that is paid to employees if certain objectives are achieved
Book Value For a long-term operating asset, the asset's original cost less any accumulated depreciation
Business Documents Records of transactions used as the basis for recording accounting entries; include invoices, check stubs, receipts, and similar business papers Debit (Abbreviated Dr) An entry on the left side of a T-account
Declaration Date The date on which a corporation's board of directors formally decides to pay a dividend to stockholders 2 / 4
Declining-balance Depreciation Method An accelerated depreciation method in which an asset's book value is multiplied by a constant depreciation rate (such as double the straight-line percentage, in the case of doubledeclining-balance)
Depreciation The process of cost allocation that assigns the original cost of plant and equipment to the periods benefited
Detective Controls Internal control activities that are designed to detect the occurrence of errors and fraud
Development The application of a company's research findings to develop a plan or design for new or improved products and processes as part of a company's larger (R&D) activities
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Direct Write-off Method The recording of actual losses from uncollectible accounts as expenses during the period in which accounts receivable are determined to be uncollectible
Discount The process of converting future values into present values
Dividend Payment Date The date on which a corporation pays dividends to its stockholders
Dividends Distributions to the owners (stockholders) of a corporation
Earnings Per Share (EPS) A company's net income divided by the number of outstanding shares held by shareholders
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