Match the Term and the Definition

question 40

Short Answer

Match the term and the definition.Not all definitions will be used.
_____ Ratio analysis
_____ Reliability
_____ Liquidity
_____ Historical cost principle
_____ Going-concern problem
_____ Profitability
_____ Consistency
_____ Solvency
_____ Trend analysis
_____ Revenue recognition principle
A.The ability of a company to meet its short-run financial obligations.
B.The difficulties a company faces in acquiring financing when first starting up.
C.The principle that companies need to adjust their accounts for inflation.
D.Also known as time-series analysis.
E.The characteristic of financial reporting that requires a company to use the same principles over time to measure financial data.
F.The principle that companies should record transactions at the cash-equivalent cost on the date of the transaction.
G.The principle that revenues should be recognized immediately upon payment.
H.The characteristic that financial results should be able to be independently verified.
I.A measure of current earnings performance.
J.An analysis that compares a company's results to other companies in the industry.
K.A measure of long-run survivability.
L.The principle that revenue should be recorded when earned,provided payment is reasonably expected.
M.Measures that relate one financial variable to another from the same financial statement.
N.The constraint that financial data needs to be similar to other firms in the industry.
O.The characteristic that financial information needs to be valuable to decision makers.
P.When a company's near-term financial survival is questionable.

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Definitions:

Dominant Group

A social group that holds the most power, wealth, and privileges in a society, often setting standards and norms.

Binary Thinking

A cognitive process of simplifying concepts, opinions, or real-world phenomena into two opposing categories, neglecting the complexity or spectrum that exists.

Racism And Sexism

Prejudice or discrimination based on race and gender.

LGBT People

Individuals who identify as lesbian, gay, bisexual, or transgender, encompassing a range of sexual orientations and gender identities.