Accounting Terminology Listed Below Are Nine Technical Accounting Terms Introduced in This

question 151

Essay

Accounting terminology
Listed below are nine technical accounting terms introduced in this chapter:

Each of the following statements may (or may not) describe one of these technical terms. In the space provided beside each statement, indicate the accounting term described, or answer "None" if the statement does not correctly describe any of the terms.
____ (a) A financial statement showing the revenue, expenses, and net earnings of a corporation during the current accounting period.
____ (b) A distribution of cash to stockholders.
____ (c) A distribution to stockholders of additional shares of stock, accompanied by a proportionate reduction in the par value per share.
____ (d) The market price of a share of preferred stock, divided by the net income of the corporation.
____ (e) A correction in the amount of net income reported in an earlier accounting period.
____ (f) An event that is material in dollar amount, unusual in nature, and not expected to recur in the foreseeable future.
____ (g) A subtotal sometimes included in an income statement to assist investors in forecasting the income of future accounting periods.

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Definitions:

Early Childhood

This term refers to the developmental period from birth to 8 years old, focusing on physical, cognitive, and emotional growth.

Activity Level

The degree of physical or mental activity or behavior displayed by an individual or organism.

Parents

Caregivers of offspring in their own species, responsible for providing support, education, and nurturing.

Sleep Terrors

Episodes of screaming, intense fear and flailing while asleep, often paired with difficulty fully waking up.