Match the Term and the Explanation

question 67

Short Answer

Match the term and the explanation.More explanations are provided than terms.
_____ Time series analysis.
_____ Qualified.
_____ Loan covenant.
_____ Debt-to-assets ratio.
_____ MD&A.
_____ Valuation role.
A.Total liabilities divided by total assets.
B.An audit performed by a chartered accountant.
C.A detailed managerial discussion of a company's performance that appears in the annual report.
D.Compares a company's performance in one time period relative to prior periods.
E.A company's current event report to the Securities Commission.
F.Means that data are complete and up-to-date.
G.An audit opinion in which the auditors cannot say that GAAP was followed.
H.When accounting information is used by potential investors to estimate the worth of a company.
I.Total loans divided by total assets.
J.Compares a company's performance in one time period to the industry during the same time period.
K.A company's annual report to a Securities Commission.
L.When the Canada Revenue Agency accepts the income tax filing of a company.
M.A business reason why managers might be tempted to misstate a company's true performance.

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Definitions:

Highest Bid

The largest amount of money offered in a competitive process, such as an auction, for the purchase of goods or services.

Second Highest Bid

In an auction, the bid amount that is the next highest after the winning or highest bid.

Strategically Equivalent

Referring to actions, tactics, or strategies that yield the same outcome or effect, despite differing in approach.

English Auction

A bidding process where the price ascends and the highest bidder wins, commonly used in selling art, antiques, and collectibles.