Examlex
Matching
Match each item with a statement below.
- assigns an IP address to a computer when it first attempts to initiate a connection to the network
Long-Lived Assets
Long-lived assets are tangible or intangible assets that a company holds for use over several years, such as buildings, machinery, or patents.
Prepayment
Payment made for goods or services before they have been received or provided, often resulting in a current asset on the balance sheet.
Deferred Rent
An accounting practice where rent expenses are not immediately recognized but instead allocated over future periods to match usage with expense.
Financial Statements
Papers that give a summary of a company's financial status, featuring the balance sheet, income statement, and statement of cash flows.
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