Match the Following Terms with Their Definitions

question 39

Multiple Choice

Match the following terms with their definitions.
-Horizontal analysis

• 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:

Act

To take action or behave in a specified manner.

Talk

The act of verbal communication between individuals to convey messages, information, or feelings.

Feel

To experience emotions or sensations, either physically through the senses or emotionally through the mind and heart.

Socialization

The process by which individuals learn and internalize the norms, values, behaviors, and social skills appropriate to their society.