Match the Term and the Definition

question 7

Short Answer

Match the term and the definition.There are more definitions than terms.
_____ core activities
_____ unearned revenue
_____ expenditure
_____ revenue principle
_____ accrual basis
_____ capitalize
_____ expense
_____ net income
A.When line items are broken down into their component subcategories.
B.To reduce the recorded value of an asset to reflect its true market value.
C.The secondary or peripheral activities of a company.
D.Any outlay of money by a company whether related to production or not.
E.Also known as operating income.
F.The concept that revenue and expenses should be recorded at the time received or paid.
G.When a cost is reported as an asset on the balance sheet.
H.The main business activities of a company.
I.The concept that revenue should be recorded when earned,not necessarily when payment is received.
J.Revenues should be recorded when they are earned and expenses when they are incurred.
K.Total revenue minus total expenses.
L.Any use or sacrifice of a company's resources to generate revenue.
M.The increase in value of financial assets held by a company.
N.Payments received for goods that have not yet been delivered or services that have not yet been performed.
O.The concept that a company should record revenue during the same period as expenses.

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Definitions:

Naturalistic Observation

A study approach where participants are monitored in their usual environment with no alterations made by the researcher.

Case Study

A research method involving an in-depth analysis of a single case, group, event, or community to explore and understand complex issues in context.

Case Study

An in-depth examination of an individual, group, or event to explore and understand dynamics not captured by quantitative methods.

Representative Sample

A subset of a population that accurately reflects the members of that population.