Match Each Term with the Appropriate Definition

question 171

Multiple Choice

Match each term with the appropriate definition.Not all definitions will be used.
-Net Income

• A)The practice of reporting information in percentages rather than monetary amounts.
• B)A nonrecurring item on the income statement that reflects gains and losses associated with extraordinary events.
• C)Another name for a trend analysis.
• D)An increase in an asset or a decrease in a liability that results from peripheral activities.
• E)A section of the annual report that can be used in interpreting the results of financial statement analysis.
• F)The ratio calculated by dividing the price of a share of stock by the earnings per share.
• G)After-tax earnings adjusted for gains and losses that may disappear before they are realized.
• H)A nonrecurring item associated with abandoning or selling an operation.
• I)The practice of reporting accounting data in the national monetary unit.
• J)Also known as ratio analysis.
• K)The ratio calculated by dividing the net income by the number of common shares outstanding.
• L)The earnings of a company after taxes.

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Definitions:

Sales-Cost Ratio

A metric used to evaluate the effectiveness of sales efforts by comparing the cost of achieving sales to the amount of sales generated.

Overnight Trips

Short travel or journeys that involve staying away from home for one night, often for business or leisure purposes.

Criterion

A standard, rule, or test by which something can be judged or measured, often used in decision-making or evaluation processes.

Core Principles

Fundamental beliefs or values that serve as the foundation for behavior, decision-making, and actions within an organization or individual's life.