Match the Items Below by Entering the Appropriate Code Letter

question 143

Short Answer

Match the items below by entering the appropriate code letter in the space provided.
A. CPA
B. Budgeting
C. SEC
D. Proprietorship
E. Economic Entity Assumption
F. Corporation
G. Assets
H. Equities
I. Expenses
J. Transaction
1. Activities of an entity must be kept separate from its owner's activities.
2. Consumed assets or services.
3. Ownership is limited to one person.
4. Offers expert accounting service to the general public.
5. Creditor and ownership claims against the assets of the business.
6. A separate legal entity under state laws.
7. Government agency that can mandate accounting rules.
8. Quantifying goals and objectives.
9. Future economic benefits.
10. Economic events recorded by accountants.
Answers to Matching

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Definitions:

Behaviourism

A theory of learning based on the idea that all behaviors are acquired through conditioning.

Introspection

The practice of self-examining one's mental and emotional states.

Generative

Pertaining to the ability of something to produce or create, often used in reference to languages, systems, or processes that can generate a vast array of outputs from a set of rules or principles.

Extraterrestrials

Beings that are believed to originate from outside of Earth, not native to our planet and often associated with life from other parts of the universe.