Match the Following Terms with Their Definitions

question 88

Multiple Choice

Match the following terms with their definitions.
-Retained earnings

• A)Uses a base year
• B)Inventory and prepaid expenses are subtracted
• C)A liability
• D)Net sales ÷ total assets
• E)Actual sale after returns on discounts
• F)Current assets ÷ current liabilities
• G)What we owe creditors
• H)Data placed side by side
• I)Cash, supplies
• J)Obligations due within one year
• K)Cost of goods for resale
• L)Obligations that are not due for at least one year
• M)Total this period is compared by amount of percent to same total last period
• N)Part of stockholders' equity
• O)What customers owe
• P)Dollars not shown
• Q)Paid in advance
• R)Profit
• S)Revenues and expense for a specific period of time
• T)Prepared as of a particular date
• U)Beginning inventory plus new purchases - ending inventory
• V)True cost of purchases
• W)Includes no plant and equipment assets
• X)Sales - cost of goods sold
• Y)Each liability and equity is analyzed as a percent of the total

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Definitions:

Tuition Cost

The fee associated with enrollment and instruction in a course or program at an educational institution, often excluding additional expenses like books or room and board.

Batting Average

A statistical measure used in baseball to calculate the performance of a batter, represented by the number of hits divided by the total number of at-bats.

At-Bats

In baseball, the number of times a player gets the opportunity to bat, excluding walks, sacrifices, and certain other situations.

Number Of Hits

The total count of successful actions or impacts, often used in the context of websites to measure traffic or in sports to track performance.