Choose the Appropriate Letter to Match the Term and the Definition.Not

question 154

Essay

Choose the appropriate letter to match the term and the definition.Not all definitions will be used.
Term
1._____ Full Disclosure Principle
2._____ Ratio Analysis
3._____ Liquidity
4._____ Going-Concern Assumption
5._____ Profitability
6._____ Solvency
7._____ Trend Analysis
8._____ Vertical Analysis
Definition
A)The ability of a company to meet its short-run financial obligations.
B)A type of analysis that focuses on relationships within a single financial statement.
C)Also known as time-series analysis.
D)The standard that companies should present all relevant information needed to interpret a company's financial position and performance.
E)The standard that expenses should be recognized when incurred.
F)A measure of current earnings performance.
G)A result from comparing a company's results to other companies in the industry.
H)A measure of long-run survivability.
I)The standard that revenue should be recorded when earned,provided payment is reasonably expected.
J)Measures that relate financial variables reported in one or more of the financial statements from the same year.
K)The characteristic that financial information needs to be valuable to decision makers.
L)The standard that takes for granted a company's near term financial survival.

• A)The ability of a company to meet its short-run financial obligations.
• B)A type of analysis that focuses on relationships within a single financial statement.
• C)Also known as time-series analysis.
• D)The standard that companies should present all relevant information needed to interpret a company's financial position and performance.
• E)The standard that expenses should be recognized when incurred.
• F)A measure of current earnings performance.
• G)A result from comparing a company's results to other companies in the industry.
• H)A measure of long-run survivability.
• I)The standard that revenue should be recorded when earned,provided payment is reasonably expected.
• J)Measures that relate financial variables reported in one or more of the financial statements from the same year.
• K)The characteristic that financial information needs to be valuable to decision makers.
• L)The standard that takes for granted a company's near term financial survival.

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Definitions:

Serous Membrane

A smooth tissue membrane consisting of two layers of mesothelium, which secrete serous fluid to lubricate and reduce friction between tissue layers.

Aortic Semilunar Valves

Valves located between the aorta and the left ventricle of the heart that prevent blood from flowing back into the heart.

Great Cardiac Veins

The great cardiac veins are large veins on the surface of the heart that drain blood from the heart muscle.

Coronary Arteries

The arteries that supply oxygen-rich blood to the heart muscle itself, crucial for heart function.