Which of the Following Association of Accounts and Statements Is

question 42

Multiple Choice

Which of the following association of accounts and statements is not correct?

• A)Cash & Balance Sheet
• B)Revenue & Income Statement
• C)Dividends Paid & Income Statement
• D)Prepaid Insurance & Balance Sheet

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Definitions:

SEC

Stands for the Securities and Exchange Commission, a U.S. government agency responsible for regulating the securities markets and protecting investors.

Securities Exchange Act

A U.S. law governing the trading of securities, aimed at protecting investors by ensuring transparency and fairness in the securities market.

Misappropriation

The illegal, unethical, or unauthorized use of someone else's property or funds, especially for one's own use or benefit.

Short-swing Profits

Profits earned by corporate insiders from the purchase and sale, or sale and purchase, of company stock within a six-month period, which are subject to recovery by the corporation under specific regulations.