Match the Terms to the Definitions by Selecting the Letter

question 151

Multiple Choice

Match the terms to the definitions by selecting the letter of the term.Each term may be used more than once or not at all.
-Shares of stock that are repurchased and then discontinued by removing them from the accounting records.

• A)cumulative feature
• B)stock dividend
• C)retired stock
• D)retained earnings
• E)callable feature
• F)convertible feature
• G)outstanding shares
• H)treasury stock
• I)participating feature
• J)additional paid-in capital

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Definitions:

Days' Sales In Receivables

A financial ratio that measures the average number of days it takes a company to collect payment after making a sale.

Sales On Account

Transactions where the buyer purchases goods or services on credit, with an agreement to pay at a later date.

Accounts Receivable

Funds that clients or customers are yet to pay to a company for products or services that have already been provided or utilized.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity.