Match the Following Terms with the Appropriate Definitions

question 166

Multiple Choice

Match the following terms with the appropriate definitions.
-Debt and equity securities not classified as trading or held-to-maturity.

• A)Available-for-sale securities
• B)Equity method
• C)Parent company
• D)Consolidated financial statements
• E)Long-term investments
• F)Unrealized gain (loss)
• G)Trading securities
• H)Return on total assets
• I)Subsidiary
• J)Held-to-maturity securities

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Definitions:

Drawee Bank

The bank upon which a check is drawn and is responsible for paying the check amount to the payee.

Void Check

A void check is a check that has been cancelled or invalidated, making it non-negotiable and preventing its use for payment.

Notice Requirement

Legal obligations that mandate certain information be given to relevant parties in specific situations, often within a defined timeframe.

Ordinary Care

The level of attention, caution, and prudence that a reasonable person in similar circumstances would exercise to avoid harm.