Match the Terms with the Definitions

question 109

Multiple Choice

Match the terms with the definitions.
-Assets of a durable nature that will be used for operations over several years.

• 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:

Deficit

A shortfall or deficiency, often referring to a lack in quantity or quality of a desired or required resource or attribute.

Conventional

Based on or in accordance with what is generally done or believed; traditional and lacking in spontaneity or individuality.

Acculturation

The degree to which people from a certain cultural group display the beliefs and practices of that group.

Social Skills

Abilities that facilitate interaction and communication with others in cooperative, productive, and positive ways.