Match the Following Terms with the Appropriate Definition

question 317

Multiple Choice

Match the following terms with the appropriate definition.
-Accounting equation

• A)The principle that assumes transactions and events can be expressed in money units.
• B)The cost of assets or services used to earn revenue.
• C)The principle that requires a business to be accounted for separately from its owners.
• D)Describes a company's revenues and expenses along with the resulting net income or loss over a period of time.
• E)Creditor's claims on assets.
• F)The relation between a company's assets, liabilities, and equity.
• G)The principle that revenue is recorded when earned through providing goods or services.
• H)A financial statement that lists cash inflows (receipts) and cash outflows (payments); the cash flows are arranged by operating, investing, and financing activities.
• I)Happenings, such as changes in market value, that effect the accounting equation and are reliably measured.

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Definitions:

Battery

Battery is a criminal offense involving the unauthorized or unlawful physical contact with another person, with or without the intent to cause harm.

Assault

An act that threatens or inflicts physical harm or intimidation on another person.

Misrepresentation

A false statement of fact made by one party to another party, which has the effect of inducing that party into the contract.

Cyber Torts

Wrongful acts or infringements of rights through the use of the internet or digital technologies, leading to legal claims.