Complete the Following Using the Terms Listed

question 9

Multiple Choice

Complete the following using the terms listed.
-The basic relationship that states assets equal liabilities plus owners' equity is called the _____.

• A)certified public accountant
• B)International Financial Reporting Standards
• C)asset
• D)liability
• E)Owners' equity
• F)accounting equation
• G)balance sheet
• H)income statement
• I)Sarbanes-Oxley Act (SOX)
• J)accrual accounting
• K)open book management
• L)budget
• M)generally accepted accounting principles (GAAP)
• N)Financial Accounting Standards Board (FASB)
• O)profitability ratios
• P)International Accounting Standards Committee (IASC)
• Q)Leverage ratios
• R)management accountant

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Definitions:

C3

A pathway in photosynthesis where the fixation of carbon dioxide produces a three-carbon compound as the first stable product.

C4

A photosynthetic pathway that efficiently fixes carbon dioxide in plants exposed to high light intensity and temperature, found in many grasses and crops.

CAM

Crassulacean Acid Metabolism, a photosynthetic adaptation in some plants allowing them to conserve water by fixing CO2 at night.

Plants

Multicellular, primarily photosynthetic organisms of the kingdom Plantae, which play a crucial role in the Earth's ecosystems and human agriculture.