Match the Following Terms with Their Definitions

question 44

Multiple Choice

Match the following terms with their definitions.
-Sinking fund

• A)Paid at end
• B)Beginning as well as ending dates
• C)Paid at beginning
• D)Need to invest today to receive the stream
• E)Set aside payments to build to future amount
• F)Beginning as well as ending dates, not fixed
• G)Sum of series of payments
• H)Stream of payments

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Definitions:

Consolidated Financial Statements

The financial statements of a group in which the assets, liabilities, equity, income, expenses, and cash flows of the parent and its subsidiaries are presented as those of a single economic entity.

Ownership Interest

The right or claim an individual or entity has on assets, often evidenced by equity or shares in a company.

Parent

An entity that controls one or more entities.

Inter-Entity Transactions

Transactions occurring between two parts of the same company, often requiring elimination adjustments in consolidated financial statements.