Match the Following Terms with Their Definitions

question 69

Multiple Choice

Match the following terms with their definitions.
-Common size statement

• 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:

Retinex Theory

A theory that suggests the human brain perceives colors in a scene in a way that is independent of lighting by comparing different spectral wavelengths.

Sound Waves

Sound waves are vibrations that travel through the air or another medium, which can be heard when they reach a person's or animal's ear.

Amplitude

The magnitude or intensity of a fluctuating signal, such as sound, light, or an electric current, often measured from its rest position to its peak.

Conduction Deafness

A type of hearing loss where there is a problem transferring sound waves anywhere along the pathway from the outer ear to the inner ear.