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Matching Match Each Item with a Statement Below

question 31

Multiple Choice

Matching
Match each item with a statement below.
- a device that contains a disc that is free to move and can respond to gravity as the device is moved


Definitions:

Accrual

The accounting practice that documents income and expenditures at the time they happen, irrespective of the timing of the actual cash flows.

Retained Earnings

The amount of net profit remaining for the company after distributing dividends to its stockholders.

Note Payable

A written promise to pay a specified amount of money, along with interest, by a certain date.

Interest Expense

The cost incurred by an entity for borrowed funds, recognized in the income statement.

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