Listed Below Are Ten Terms Followed by a List of Phrases

question 16

Multiple Choice

Listed below are ten terms followed by a list of phrases that describe or characterize five of the terms.Match each phrase with the correct term by placing the letter designating the term in the space provided.
-____ Liabilities created when expenses are recognized before cash flows.

• A)Accrued expenses
• B)Adjusted trial balance
• C)Adjusting entries
• D)Depreciation expense
• E)Balance sheet
• F)Prepaid expenses
• G)Expenses
• H)Post-closing trial balance
• I)Income statement
• J)Trial balance

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Definitions:

Visualizes a Walk

The mental process of creating a visual image of walking through a location or path, often used in memory techniques.

Keyword Method

A mnemonic device that involves using keywords and mental imagery to associate verbal material.

Acrostic

A composition such as a poem or word puzzle where specific letters from each line create a separate word or phrase.

Party

A social gathering of invited guests, typically involving eating, drinking, and entertainment.