Match the Terms with the Definitions

question 15

Multiple Choice

Match the terms with the definitions.
-Gross profit minus operating expenses on a multiple-step income statement.

• A)accounts receivable turnover
• B)average collection period
• C)reversing entry
• D)return on owner's equity
• E)current assets
• F)current liabilities
• G)current ratio
• H)post-closing trial balance
• I)Mortgage Payable
• J)income from operations
• K)interstatement analysis
• L)mortgage
• M)long-term liabilities

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Definitions:

Net Cash

The residual cash following the assessment of cash coming in and going out.

Investing Activities

Financial transactions related to the acquisition and disposal of long-term assets and other investments.

Net Cash

The amount of cash that is available after all debts, expenses, and other financial obligations have been paid, indicating liquidity.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, generally reflected in the cash flow statement as part of a company's financial activities.