Match the Terms with the Definitions

question 58

Multiple Choice

Match the terms with the definitions.

-The excess of total revenues over total expenses for the period.

• A) account
• B) accounts payable
• C) accounts receivable
• D) accounting equation
• E) assets
• F) balance sheet
• G) business entity
• H) business entity concept
• I) business transaction
• J) drawing
• K) expenses
• L) income statement
• M) liability
• N) net income
• O) net loss
• P) notes payable
• Q) owner's equity
• R) revenues
• S) statement of owner's equity

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Definitions:

Race

Socio-political categorizations of humans based on physical characteristics, heritage, and genetics, often mistakenly assumed to have significant biological basis.

Blood Groups

Categories into which human blood can be divided, based on the presence or absence of certain antigens; includes A, B, AB, and O blood types.

Cline

A gradual change in certain characteristics exhibited by members of a species over a geographical area.

Hormone-disrupting Chemicals

Substances that interfere with the normal functioning of the endocrine system, potentially causing developmental, reproductive, neurological, and immune problems.