Match Each Term with Its Definition

question 45

Multiple Choice

Match each term with its definition.
-Check made out to the patient by someone unknown to you

• A)deposit record
• B)deposit slip
• C)electronic funds transfer system
• D)endorsement
• E)endorser
• F)third-party check
• G)limited check
• H)maker
• I)MICR numbers
• J)money order

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Definitions:

NCI

Non-controlling interest, representing the portion of equity ownership in a subsidiary not attributable to the parent company.

Profit

The financial gain realized when the amount earned from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Pre-Acquisition Entry

An accounting entry made to record the assets and liabilities of a company before it is officially acquired by another entity.

Direct Non-Controlling Interest

A portion of equity interest in a subsidiary not directly held by the parent company but rather through a direct subsidiary.