Listed Below Are Five Terms Followed by a List of Phrases

question 12

Multiple Choice

Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.
-Summary of significant accounting policies

• A)Management's views on its operations, liquidity, and capital resources.
• B)Independent and professional opinion about the fairness of the financial statements.
• C)Occurs after the fiscal year-end, but before the statements are issued.
• D)Information about the company's choices from among various alternative accounting methods.
• E)Includes disclosures of executive compensation.

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Definitions:

Affect

In psychology, a term indicating “emotion” or “mood.”

Emotion

The “feeling” aspect of consciousness, characterized by a certain physical arousal, a certain behavior that reveals the emotion to the outside world, and an inner awareness of feelings.

Mania

A mental state characterized by extremely elevated mood, energy, and unusual thought patterns, often seen in bipolar disorder.

Cocaine

A natural drug derived from the leaves of the coca plant.