For Each of the Following Sentences ,Select the Word or Group

question 90

Short Answer

For each of the following sentences ,select the word or group of words that best completes the statement.
$$\begin{array} { l l l } \text { Matching } & \text { Cash basis } & \text { Measurement } \\\text { Deferred revenue } & \text { Adjustments } & \text { Deferred expense } \\\text { Accrual basis } & \text { Recognition } & \text { Accrued asset }\end{array}$$
-The success of accounting as a form of communication depends on two concepts,____________________ and ____________________.

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Definitions:

Individual Stock

A share representing ownership in a specific company, entitling the holder to a claim on part of the company’s assets and earnings.

Bond Owners

Individuals or entities that hold bonds, which are debt securities, issued by corporations or governments.

Organization Issuing

Refers to entities (like corporations, governments, or NGOs) that release or distribute something, often securities or official documents.

Future Revenues

Expected income from sales or services to be received in the future.