Listed below are five terms followed by a list of phrases that describe or characterize each of the terms.Match each phrase with the number for the correct term.
Definitions:
Business Combination
A transaction in which an acquirer gains control over one or more businesses.
Allocation and Amortization
Process of distributing the cost of intangible assets over their useful lives, similar to depreciation but applied to non-physical assets.
Building Account
An account used in construction and real estate development to track costs and expenditures related to building projects.
Equipment Account
A ledger account that records transactions related to the purchase, maintenance, and sale of equipment.
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