Match the Following Terms with Their Definitions

question 74

Multiple Choice

Match the following terms with their definitions.
-Accounts payable

• A)Uses a base year
• B)Inventory and prepaid expenses are subtracted
• C)A liability
• D)Net sales ÷ total assets
• E)Actual sale after returns on discounts
• F)Current assets ÷ current liabilities
• G)What we owe creditors
• H)Data placed side by side
• I)Cash, supplies
• J)Obligations due within one year
• K)Cost of goods for resale
• L)Obligations that are not due for at least one year
• M)Total this period is compared by amount of percent to same total last period
• N)Part of stockholders' equity
• O)What customers owe
• P)Dollars not shown
• Q)Paid in advance
• R)Profit
• S)Revenues and expense for a specific period of time
• T)Prepared as of a particular date
• U)Beginning inventory plus new purchases - ending inventory
• V)True cost of purchases
• W)Includes no plant and equipment assets
• X)Sales - cost of goods sold
• Y)Each liability and equity is analyzed as a percent of the total

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Definitions:

Material Breach

A significant failure to perform a part of a contract that permits the other party to the contract to either compel performance or collect damages.

Significant Harm

Refers to considerable damage or injury that affects an individual's health, safety, or well-being in a meaningful way, often used in legal and health contexts.

Harvesting Email Addresses

The practice of collecting email addresses from various sources without the owner's permission, often used for spam or scam purposes.

Law Violation

An act or omission that breaches the law, potentially leading to legal penalties or enforcement actions.