​Match the Accounting Terminology with Its Definition and Example

question 8

Multiple Choice

​Match the accounting terminology with its definition and example.Note: Answers may be used more than once.
-​Business owned by two or more persons;each person is generally personally liable for the debts of this entity

• A)accounts payable
• B)​assets
• C)​corporation
• D)​cost
• E)​economic entity assumption
• F)​liabilities
• G)​market value
• H)​monetary unit assumption
• I)​note payable
• J)​(paid-in)capital
• K)​partnership
• L)​proprietorship
• M)​retained earnings
• N)stockholders' equity

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Definitions:

Initial Cost

The upfront expenditure required to purchase an asset or to start a project, including setup or installation fees.

Initial Outlay

The initial investment amount required to start a project or purchase an asset.

Future Cash Inflows

Expected incoming funds or earnings generated from investments, operations, or financial activities in the future.

Discount Rate

The discount rate that's used to estimate the present value of future cash flows within discounted cash flow analysis.