Match Each Definition with the Correct Term Below

question 91

Multiple Choice

Match each definition with the correct term below.
-Income from operations

• A)Information should have direct bearing on a decision.
• B)The quality or accounting information that enables users to comprehend the meaning of the information they receive.
• C)The quality of accounting information that assures users that information as presented can be substantiated.
• D)The accounting convention that requires that once a company has adopted an accounting procedure,it must use it from one period to the next.
• E)The accounting convention that refers to the relative importance of an item or event.
• F)The accounting convention that states that when faced with choosing between two equally acceptable procedures or estimates,accountants should choose the one that is least likely to overstate assets and income.
• G)Cash and other assets that a company can reasonably expect to convert to cash,sell,or consume within one year or the company's normal operating cycle.
• H)Debts that fall due more than one year in the future or beyond the normal operating cycle.
• I)The amount that stockholders invest in the business.
• J)Gross sales less sales returns and allowances
• K)The amount a merchandiser paid for the merchandise it sold during an accounting period.
• L)The income from a company's main business.

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Definitions:

Navigation Mode

A user-interface feature or setting that changes the way a user can move through or interact with software, a document, or the internet.

New (Blank) Record

An empty data entry that can be filled with information, used in databases and data management systems to add new sets of data.

Compacting Database

The process of optimizing database performance by reducing the size of the database files and reorganizing their structure.

Currency Data Type

A data type used in programming and database management that is specifically designed to handle monetary values, often including automatic formatting and precision for financial calculations.