MATCHING. Choose the Item That Best Match the Following

question 2

Multiple Choice

MATCHING.
Choose the item that best Match the following:
-Induction

• A)use of electrical magnetic fields to excite the molecules of metal cooking surfaces
• B)inducing heat by molecular action of waves entering food
• C)transfer of heat through direct contact of one object or substance with another
• D)use of air movement to distribute heat

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year or within the operating cycle of a business.

Fixed Assets

Tangible assets, such as property, plant, and equipment, used in the operating activities of a business and not intended for sale in the normal course of business.

Indirect Method

A way of calculating cash flows for the cash flow statement where net income is adjusted for changes in balance sheet accounts to reflect cash operations.

Statement of Cash Flows

A financial statement showing the cash inflows and outflows from operating, investing, and financing activities over a specific period.