Match the Items Below by Entering the Appropriate Code Letter

question 115

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:

Kalanchoe

A genus of succulent flowering plants that are known for their unique water retention capabilities and often used in decorative gardening.

Chlorophytum

A genus of perennial flowering plants, commonly known as spider plants, notable for their easy care and air-purifying qualities.

Asexually

The process by which an organism can reproduce and generate offspring without the need for a mating partner, resulting in a genetic clone of the parent.

Suckers

An organ in some animals specialized for adhesion, or a shoot from the base of a plant stem that can develop into a new plant.