Match the Term and the Definition

question 32

Multiple Choice

Match the term and the definition.There are more definitions than terms.

-1 Income before income taxes

• A)When revenue minus expenses is a negative number.
• B)Adds new values into the balance sheet and income statement accounts.
• C)Also known as transportation and storage expense.
• D)An income account that is only open long enough to record one transaction.
• E)The level of profit before considering income tax.
• F)A journal entry that eliminates an account from the chart of accounts.
• G)Lists the balances of all accounts to check that revenues equal expenses.
• H)The amount at which an asset or liability is reported in the financial statements.
• I)An account that is paired with another account whose book value it reduces.
• J)Lists the balances of all accounts to check that debits equal credits.
• K)The number of years that a company has to pay back its loans and other financing.
• L)A journal entry that transfers net income or loss to the retained earnings account.
• M)Converts some of an asset's or liability's book value into an expense or revenue.
• N)When a company lowers the price of a product.
• O)An account that must have a zero balance after closing entries have been made.
• P)The level of revenue a company has before it pays administrative expenses.

Differentiate between trademarks, copyrights, and patents, including their protection scope.

Recognize the importance of state and federal powers in regulating science and technology.

Identify the role and function of international organizations in health and intellectual property protection.

Grasp the implications of significant Supreme Court decisions on population growth and privacy rights.

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Definitions:

Gluteus Maximus

The largest and outermost of the three gluteal muscles, involved in the movement of the hip and thigh.

Gluteus Medius

A muscle located on the outer surface of the ilium, involved in the rotation and abduction of the thigh.

Ball and Socket

A type of synovial joint that allows for movement in almost any direction, found in the shoulder and hip.

Ellipsoidal

Shaped like an ellipse, often referring to an ellipsoidal joint in the body that allows movement in two planes.