Match the Items Below by Entering the Appropriate Code Letter

question 19

Short Answer

Match the items below by entering the appropriate code letter in the space provided.
A. Finance lease
B. Contingent liability
C. Operating lease
D. Defined-benefit plan
E. Defined-contribution plan
____ 1. A contractual arrangement that gives the lessee temporary use of property.
____ 2. The cash paid by the employer to the pension plan is defined.
____ 3. A contractual arrangement which is in effect a purchase of property.
____ 4. A pension plan where employee receipts after retirement are defined.
____ 5. A potential liability that may become an actual liability in the future.

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Definitions:

Disbursements

Payments made by a business, often involving cash outflows for operating expenses, acquisitions, or investments.

Ending Cash Balance

The amount of cash a company has at the end of a given period, reflecting all cash inflows and outflows during that period.

Cash Disbursements

Outflows of cash for various purposes, including operating expenses, asset purchases, and other business activities.

Cash Disbursements

Money that is paid out by a company, often including expenses, dividend payments, and other cash outflows.