Match the Following Terms with Their Definitions

question 93

Multiple Choice

Match the following terms with their definitions.
-Current liabilities

• A)Uses a base year
• B)Inventory and prepaid expenses are subtracted
• C)A liability
• D)Net sales ÷ total assets
• E)Actual sale after returns on discounts
• F)Current assets ÷ current liabilities
• G)What we owe creditors
• H)Data placed side by side
• I)Cash, supplies
• J)Obligations due within one year
• K)Cost of goods for resale
• L)Obligations that are not due for at least one year
• M)Total this period is compared by amount of percent to same total last period
• N)Part of stockholders' equity
• O)What customers owe
• P)Dollars not shown
• Q)Paid in advance
• R)Profit
• S)Revenues and expense for a specific period of time
• T)Prepared as of a particular date
• U)Beginning inventory plus new purchases - ending inventory
• V)True cost of purchases
• W)Includes no plant and equipment assets
• X)Sales - cost of goods sold
• Y)Each liability and equity is analyzed as a percent of the total

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Definitions:

Electronic Commerce Transactions

Refers to the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.

EU

The European Union, a political and economic union of 27 member states that are located primarily in Europe.

Samuel Huntington

An American political scientist best known for his analysis of the relationship between civil and military power, and for his Clash of Civilizations theory.

Clash of Civilization

A theory proposing that future conflicts will be between cultural and religious identities, rather than between nation-states.