Match the Following Terms with Their Definitions

question 109

Multiple Choice

Match the following terms with their definitions.
-Current assets

• A)Uses a base year
• B)Inventory and prepaid expenses are subtracted
• C)A liability
• D)Net sales ÷ total assets
• E)Actual sale after returns on discounts
• F)Current assets ÷ current liabilities
• G)What we owe creditors
• H)Data placed side by side
• I)Cash, supplies
• J)Obligations due within one year
• K)Cost of goods for resale
• L)Obligations that are not due for at least one year
• M)Total this period is compared by amount of percent to same total last period
• N)Part of stockholders' equity
• O)What customers owe
• P)Dollars not shown
• Q)Paid in advance
• R)Profit
• S)Revenues and expense for a specific period of time
• T)Prepared as of a particular date
• U)Beginning inventory plus new purchases - ending inventory
• V)True cost of purchases
• W)Includes no plant and equipment assets
• X)Sales - cost of goods sold
• Y)Each liability and equity is analyzed as a percent of the total

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Definitions:

Epinephrine

A hormone and neurotransmitter also known as adrenaline, involved in regulating heart rate, blood vessel and air passage diameters, and metabolic shifts; it plays a key role in the body's fight-or-flight response.

Hormones

Chemical substances, secreted by organs called glands, that affect the functioning of other organs.

Left Hemisphere

The left side of the brain, responsible for controlling the right side of the body and functions such as speech and analytical thinking.

Positive Emotions

Emotions that are experienced as pleasant or desirable, such as joy, gratitude, love, and happiness.