Match the Following Terms with Their Definitions

question 109

Multiple Choice

Match the following terms with their definitions.
-Current assets

• 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:

Radical Left

Political movement that advocates for drastic changes to the social, economic, or political order, often focusing on ideas of socialism, communism, or anarchism.

Fascism

An extreme right-wing ideology that promotes authoritarian nationalism with a focus on dictatorial leadership, the aggressive silencing of any opposition, and strict control over society and the economy.

National Consumers' League

An American organization founded in 1899, focused on promoting better working conditions, fair labor practices, and consumer rights.

Buying Power

The ability of individuals or entities to purchase goods and services, often influenced by income levels, inflation rates, and economic conditions.