Solved

Match the Following Definitions with Terms 1 Through 8

Question 265

Matching

Match the following definitions with terms 1 through 8.Place the letter that identifies the best definition in the blank space next to the term.

Premises:
Another term for equity.
A financial statement that reports the changes in retained earnings over the reporting period; including increases from net income and for decreases such as dividends or net loss.
A principle that requires the information in financial statements to be supported by independent unbiased evidence.
A principle that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold.
Resources owned or controlled by a company that are expected to yield future benefits.
Responses:
Objectivity principle
Cost principle
Assets
Net assets
Dividends
Going-concern principle
Revenues
Statement of retained earnings

Correct Answer:

Objectivity principle
Cost principle
Assets
Net assets
Dividends
Going-concern principle
Revenues
Statement of retained earnings
Related Questions

Q245: A _ is a noncorporate business that

Q261: The records of Skymaster Airplane Rentals

Q262: Match each of the following with the

Q263: Match each of the following with the

Q264: Match the following definitions with the terms

Q266: Match each of the following transactions and

Q267: The following is a list of selected

Q268: Match each of the following terms with

Q269: Match the following terms with the appropriate

Q270: Classify the following activities according to the

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents