Match the Letter of Each Element with the Appropriate Definition

question 73

Multiple Choice

Match the letter of each element with the appropriate definition.
-Increases in the equity of a particular business enterprise resulting from transfers to the enterprise from other entities of something of value to obtain or increase ownership interests (or equity) in it.

• A)Assets
• B)Liabilities
• C)Equity
• D)Investments by owners
• E)Distribution to owners
• F)Comprehensive income
• G)Revenues
• H)Expenses
• I)Gains
• J)Losses

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Definitions:

Negatively Correlated

Refers to two variables that move in opposite directions, meaning when one variable increases, the other decreases, and vice versa.

Positively Correlated

A relationship between two variables in which they move in the same direction, meaning as one variable increases, the other also increases.

401k Retirement Accounts

Tax-advantaged retirement savings accounts offered by employers, allowing employees to save and invest a portion of their paycheck before taxes are taken out.

Enron Corp.

An American energy company based in Houston, Texas, that famously collapsed in 2001 due to widespread corporate fraud and corruption.