Match the Following Terms with the Appropriate Definition

question 246

Multiple Choice

Match the following terms with the appropriate definition.
-Events

• 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:

Neolithic Period

A prehistoric time characterized by the development of agriculture, the creation of settled communities, and the use of polished stone tools.

Plant Domestication

The process by which wild plants have been evolved into crop plants through artificial selection and genetic modification by humans, often to enhance traits like yield, taste, and resilience.

Coding System

A method used for categorizing, labeling, or encoding information for easy identification, organization, and retrieval.

Inca

A South American indigenous empire with an advanced society, thriving in what is now Peru from the 13th to the 16th century until the Spanish conquest.