Match the Following Terms with the Appropriate Definition

question 140

Multiple Choice

Match the following terms with the appropriate definition.
-Liabilities created by adjusting entries

• A)Accrued liabilities
• B)Contingent liabilities
• C)Current liabilities
• D)Interest rate
• E)Liabilities
• F)Payroll taxes
• G)Sales taxes
• H)Warranty
• I)Withholdings

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Definitions:

Predetermined Benchmark

A pre-established standard or point of reference against which performance is measured.

Investment Profits

The earnings gained from the allocation of resources, such as money, into a financial asset with the expectation of a favorable return.

Management Compensation

The payment or remuneration given to executives and managers within a company, including salaries, bonuses, and other performance-related benefits.

Stated Benchmark

A specific standard or point of reference against which the performance of a security, mutual fund, or investment manager can be measured.