For Each Statement Provided, Choose the Letter of the Appropriate

question 29

Multiple Choice

For each statement provided, choose the letter of the appropriate term from the list that each statement best describes.Some terms may be used more than once, while others are not used at all.
-The cost of doing business that results from the process of generating revenues.

• A)Capital stock
• B)Asset
• C)Owners' equity
• D)Time period
• E)Dividends
• F)Economic entity concept
• G)Expense
• H)Retained earnings
• I)Cost principle
• J)Creditor
• K)Liability
• L)Revenue
• M)Going concern
• N)Monetary unit
• O)Corporation