Complete the Following Using the Terms Listed Below

question 155

Multiple Choice

Complete the following using the terms listed below.
-A claim against a firm's assets by a creditor is a (n) ______.

• A)Chartered Professional Accountant
• B)International Financial Reporting Standards
• C)Asset
• D)Liability
• E)owners' equity
• F)accounting equation
• G)balance sheet
• H)income statement
• I)Corruption of Foreign Public Officials Act
• J)accrual accounting
• K)open book management
• L)Budget
• M)GAAP
• N)AcSB
• O)profitability ratio
• P)International Accounting Standards Committee
• Q)liquidity ratios
• R)budget

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Definitions:

CIA

The Central Intelligence Agency, a U.S. federal agency responsible for conducting intelligence and counterintelligence activities abroad.

Operation Rolling Thunder

A campaign of extensive aerial bombing conducted by the United States during the Vietnam War.

NLF Fighters

Members of the National Liberation Front, a South Vietnamese communist-led organization and guerrilla force that fought against the United States and South Vietnamese governments during the Vietnam War.

American Air Base

A military base owned and operated by the United States Air Force located in various countries around the world.