Match the Term and the Definition

question 1

Essay

Match the term and the definition.Not all definitions will be used.
_____ Unit-of-measure assumption
_____ Time-series analysis
_____ Relevance
_____ Extraordinary items
_____ Gain
_____ P/E ratio
_____ Consistency
_____ Comprehensive income
_____ Discontinued operations
_____ Separate entity assumption
A.The concept that the activities of the business are separate from the activities of the owners of the business.
B.The practice of reporting accounting data in the national monetary unit.
C.A nonrecurring item associated with abandoning or selling an operation that does not appear in any financial statement but is covered in the notes.
D.The earnings of a company before taxes.
E.An increase in an asset or a decrease in a liability that results from peripheral activities.
F.The ratio of a product's price to the net profit margin.
G.Net income adjusted for gains and losses that may disappear before they are realized.
H.The characteristic that the reported financial information is of value in making decisions.
I.The concept that a company's financial data in any one year should be able to be compared with the company's same financial data in other years.
J.The ratio of the price of a share to the earnings per share.
K.Also known as ratio analysis.
L.A nonrecurring item on the income statement that reflects gains and losses associated with abandoning or selling an operation.
M.Another name for a trend analysis.
N.The assumption that a business will separate financial results according to the type of activity that generated them.
O.The concept that a company's financial data should be able to be compared with other companies' data.
P.The practice of reporting information in percent terms rather than monetary ones.
Q.A nonrecurring item on the income statement that reflects gains and losses associated with highly unusual events such as natural disasters.

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Definitions:

Opponent Process Theory

A psychological and neurological model that explains how humans perceive colors as the result of opposing processes between two sets of colors: red-green, blue-yellow, and black-white.

Ganglion Cells

Neurons located in the retina that receive visual information from photoreceptors and transmit it to the brain via the optic nerve.

Interposition

A visual cue in which one object partially blocks another, helping to perceive depth and the relative position of objects.

Binocular Cues

Visual information taken in by two eyes that enable a person to gain a sense of depth and distance.