Match Each Item with Its Definition

question 98

Multiple Choice

Match each item with its definition.
-Change from one generally accepted accounting principle to another

• A)Useful for comparing one company to another or a company with industry averages
• B)Focuses on a company’s ability to generate net income
• C)The percentage analysis of the relationship of each component in a financial statement to a total within the statement.
• D)An analysis of a company’s ability to pay its current liabilities.
• E)Occurs when a company abandons a segment.
• F)A percentage analysis of increases and decreases in related items in comparative financial statements.
• G)Something that is both unusual and infrequent.
• H)This requires a restatement of prior period financial statements.

Appreciate the ethical dimensions and responsibilities inherent in the study of business law.

Understand the significance of administrative agencies and their rules in the regulation of business activities.

Acquire a foundational knowledge of how the U.S. legal system operates, including the process of creating laws and the role of courts.

Recognize the importance of legal analysis and evaluation techniques as lasting skills in adapting to changes in law.

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Definitions:

Furniture

Items that are used to make a room or building suitable for living or working in, such as tables, chairs, beds, desks, dressers, and sofas.

Plants

Living organisms belonging to the kingdom Plantae that typically conduct photosynthesis and have a fixed structure including roots, stems, and leaves.

Concreteness

Refers to the quality of being specific, real, and tangible rather than abstract.

Bran Flakes

A type of breakfast cereal made from bran, which is the hard outer layer of cereal grains.