Use the Following Two Columns of Items to Answer the Matching

question 83

Multiple Choice

Use the following two columns of items to answer the matching questions below:
-safety deposit box

• A)a place to store your financial documents
• B)a loan to purchase a home or condominium
• C)amount saved for the future
• D)asset and income protection

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Definitions:

Financial Reporting

Financial reporting involves the disclosure of financial results and related information to management and external stakeholders, such as investors or regulators.

Future Cash Flows

The projected cash receipts and payments a business expects over a period in the future, important for investment and valuation purposes.

Net Income

Profit of a company after all expenses and taxes have been subtracted from total revenue.

Matching Principle

An accounting principle that dictates that expenses should be recognized in the period in which the related revenues are earned, helping to ensure that financial statements are accurate.