Solved

Match the Appropriate Definitions with Correct Term

Question 208

Matching

Match the appropriate definitions with correct term.

Premises:
Any length of time that a company uses to evaluate its performance.
A period beginning with cash, conversion of cash to inventory, sales of inventory, and receipt of cash from sales.
The amount a company has earned from providing goods or services to customers.
Distribution of earnings to the owners of the corporation.
The costs incurred to generate revenue.
Responses:
Dividends
Expenses
Revenues
Accounting period
Operating cycle

Correct Answer:

Any length of time that a company uses to evaluate its performance.
A period beginning with cash, conversion of cash to inventory, sales of inventory, and receipt of cash from sales.
The amount a company has earned from providing goods or services to customers.
Distribution of earnings to the owners of the corporation.
The costs incurred to generate revenue.
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