Match the Following Terms with Their Definitions

question 93

Multiple Choice

Match the following terms with their definitions.
-Current liabilities

• 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:

Single Point

A specific location, position, or idea that is considered individually or as the simplest element in a larger context.

Undo Button

A feature in software applications that reverses the last command or operation performed, allowing users to correct mistakes.

Digital Camera

An electronic device that captures and stores photographs digitally, rather than recording them on film.

Recent Commands

A list or menu in software that displays the most recently used commands or actions, allowing for quick access.