A List of Statements Follows

question 26

Short Answer

A list of statements follows:
a.A balance sheet summarizes the ____________________ ____________________ of a company.

b.GAAP defines the ____________________ of a corporate balance sheet.

c.Temporary investments in marketable securities are classified as ____________________ ____________________ and investment securities available for sale.

d.A company must accrue a loss and a liability from a contingency if it is ____________ that a liability has been incurred and the amount of the loss can be ______________ _______________.

e.Unrealized fair value increases in available-for-sale securities is an example of ____________________ ____________________ ____________________ ____________________.

f._____________ ______________ of a company include affiliated entities such as subsidiaries, trusts for the benefit of employees, its management, and its principal owners or immediate families.

g.A(n) ____________________ ____________________ is one that occurs between the balance sheet date and the date the annual report is issued.
Required:
Fill in the words necessary to complete the statements.

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Definitions:

Genus Homo

The genus to which modern humans belong, characterized by higher mental faculties, upright posture, and bipedal locomotion.

Oldowan Tools

The earliest known stone tool industry, dating back to about 2.6 million years ago, associated with Homo habilis and used by early hominins for cutting, scraping, and processing animal and plant materials.

Homo Floresiensis

A species of small hominin that lived on the island of Flores, Indonesia, until about 50,000 years ago, known for its relatively small stature and brain size.

Homo Habilis

An extinct species of early human that lived about 2.4 to 1.4 million years ago, known for using stone tools.