Accounting Terminology
Listed Below Are Nine Technical Accounting Terms Introduced

question 65

Essay

Accounting terminology
Listed below are nine technical accounting terms introduced in this chapter:
$\begin{array}{|l|l|l|}\hline \text { Postretirement benefit expense } & \text { Deferred taxes } & \text { Interest coverage ration } \\\hline \text { Operating lease } & \text { Maturity value } & \text { Contingent liability } \\\hline \text { Finance lease } & \text { Applying leverage } & \text { Provision } \\\hline\end{array}$ Each of the following statements may (or may not) describe one of these technical terms. In the space provided below each statement, indicate the accounting term described, or answer "None" if the statement does not correctly describe any of the terms.
____ (a) Operating profit divided by annual interest expense.
____ (b) The amount paid during the current period to retired employees.
____ (c) A lease agreement that is viewed as equivalent to the lessee purchasing the leased asset.
____ (d) Using borrowed money to finance business operations.
____ (e) The risk of a loss occurring in a future period.
____ (f) A permanent reduction in the amount of income taxes owed which results from the tax deductions for depreciation.
____ (g) The amount that must be paid to settle a liability at the date it becomes due.

Grasp the various aspects and implications of global warming, including the large-scale relocation of species.

Comprehend the principles of sustainable development and its importance in balancing economic growth with environmental protection.

Recognize the historical and contemporary predictions regarding human population growth and carrying capacity, including the views of Thomas Malthus.

Acquire insights into the role and focus of environmental sociology as a discipline.

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Definitions:

Regression

A statistical method used to model the relationship between a dependent variable and one or more independent variables.

Reaction Formation

A defense mechanism in which an individual unconsciously replaces threatening inner wishes and fantasies with an exaggerated version of the opposite.

Manifest Content

In psychoanalytic theory, the literal surface content of a dream, as opposed to its hidden or symbolic meaning.

Repressed Memories

Memories suppressed without conscious effort due to their connection with significant trauma or stress.