Match the Terms with the Definitions

question 28

Multiple Choice

Match the terms with the definitions.
-Cash and assets that will be converted into cash or consumed within either one year or the normal operating cycle of the business,whichever is longer.

• A)account form of balance sheet
• B)accounting cycle
• C)classified balance sheet
• D)closing process
• E)current assets
• F)current liabilities
• G)Income Summary
• H)long-term liabilities
• I)operating cycle
• J)permanent accounts
• K)post-closing trial balance
• L)property, plant, and equipment
• M)report form of balance sheet
• N)temporary accounts

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Definitions:

African-Americans

A demographic group in the United States consisting of individuals with partial or total ancestry from any of the black racial groups of Africa.

European-Americans

Individuals in the United States who have origins in any of the original peoples of Europe.

Divorce

The formal termination of matrimony through the verdict of a court or an authorized institution.

Childcare

The care and supervision of a child or children, typically from infancy through early childhood, by a person other than the child's parents.