Listed Below Are Ten Terms Followed by a List of Phrases

question 124

Multiple Choice

Listed below are ten terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.
-Deferred revenues

• A)Asset recorded when an expense is paid for in advance.
• B)Goods to be sold in the ordinary course of business.
• C)Transactions with owners, managers, and affiliated companies.
• D)An intangible asset.
• E)Management's views on significant events.
• F)Net income less dividends since inception of the corporation.
• G)Amounts due from customers.
• H)Material events that occur after the end of the fiscal year and before the statements are issued.
• I)Obligations to suppliers of merchandise or of services purchased on account.
• J)Cash received from a customer in advance of providing a good or service.

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Definitions:

Cohesion

The degree to which members of a group or unit feel connected and remain committed to staying together.

Behavioral Norms

Accepted behaviors within a society or group, which are considered normal or typical.

Work-Related Tensions

Stresses or conflicts arising from job demands, role expectations, or workplace relationships.

Upper Echelons

A theory suggesting that an organization is a reflection of its top executive's personal characteristics, values, and background.