Match the Terms with the Definitions

question 98

Multiple Choice

Match the terms with the definitions.
-The period of time that an asset is expected to help produce revenues.

• A)Adjusted Trial Balance columns
• B)Adjusting entries
• C)Balance Sheet columns
• D)book value
• E)contra-asset
• F)depreciable cost
• G)depreciation
• H)fiscal year
• I)historical cost principle
• J)Income Statement columns
• K)market value
• L)matching principle
• M)plant assets
• N)salvage value
• O)straight-line method
• P)undepreciated cost
• Q)useful life
• R)work sheet

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Definitions:

Duty of Care

A legal obligation to adhere to a standard of reasonable care while performing any acts that could foreseeably harm others.

Enron

A former American energy company that collapsed due to widespread corporate fraud and corruption.

Directors and Officers

Individuals appointed or elected to oversee and make decisions for a corporation or organization.

Bill of Rights

The first ten amendments to the United States Constitution, guaranteeing fundamental rights and freedoms to American citizens.