Listed Below Are Eight Terms Followed by a List of Phrases

question 52

Multiple Choice

Listed below are eight terms followed by a list of phrases that describe or characterize the terms. Match each phrase with the best term placing the number designating the term in the space provided.
-     Accounting choices that result in reporting lower income, lower assets, and higher liabilities. 

• A) Liquidity 
• B) Conservative accounting practices 
• C) Solvency 
• D) Extraordinary item 
• E) Discontinued operation 
• F) Horizontal analysis 
• G) Vertical analysis 
• H) Aggressive accounting practices 

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Definitions:

Shredded

Torn or cut into thin pieces typically to prepare or dispose of materials and can also refer to food processing.

Surfacing

The process of appearing or becoming visible, often used in the context of objects coming to the surface of water or information becoming known.

Public Roads

Roads maintained by the government and accessible to the public for transportation purposes, including highways, city streets, and bridges.

Pre-Consumer Waste

Materials discarded during the manufacturing process before the product reaches the consumer, such as scrap material or trimmings.