Match the Term and the Explanation

question 49

Multiple Choice

Match the term and the explanation.(There are more explanations than terms.) _____ investors
_____ audit
_____ balance sheet
_____ operating activity
_____ unit of measure concept
_____ retained earnings
_____ investing activity
_____ income statement

• A)An exchange of money between a company and its investors or creditors.
• B)An example of an internal user of financial statements.
• C)The idea that a company reports sales only after a payment has been received.
• D)Share of a company's earnings given to owners as dividends.
• E)A financial statement showing a company's assets,liabilities and shareholders' equity.
• F)When a company acquires money from investors.
• G)A financial statement that summarizes a company's past and current cash situation.
• H)An external user of financial statements.
• I)The idea that the financial statements of a company include the results of only that company's business activities.
• J)Day to day events involved in the production and sales of a company's goods or services.
• K)A financial statement that shows a company's revenues and expenses.
• L)Borrowing money from lenders.
• M)The total amount of profits that are held by the company since its inception.
• N)Companies should report financial data in the relevant currency.
• O)A procedure by which independent evaluators assess the accounting procedures and financial reports of a company.
• P)Purchase or sale of long-term assets,like property and equipment used in production process.

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Definitions:

Population Proportions

The ratio of members in a statistical population who have a particular attribute, compared to the total number of members in the population.

Pooled Proportion Estimate

An estimation technique that combines the proportions of two or more groups into a single overall proportion.

Sample 1

A subset of individuals or items selected from a larger population for the purpose of statistical analysis.

Proportion of Successes

The ratio of the number of successful outcomes to the total number of attempts or trials.