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