Complete the Following Using the Terms Listed

question 31

Multiple Choice

Complete the following using the terms listed.
-The _____ is a statement of a company's financial position on a particular date.

• A)certified public accountant
• B)International Financial Reporting Standards
• C)asset
• D)liability
• E)Owners' equity
• F)accounting equation
• G)balance sheet
• H)income statement
• I)Sarbanes-Oxley Act (SOX)
• J)accrual accounting
• K)open book management
• L)budget
• M)generally accepted accounting principles (GAAP)
• N)Financial Accounting Standards Board (FASB)
• O)profitability ratios
• P)International Accounting Standards Committee (IASC)
• Q)Leverage ratios
• R)management accountant

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Definitions:

Direct Inspire

The act of motivating or influencing someone directly through action or words to achieve something.

Certain Goals

Specific, well-defined targets or objectives that individuals or organizations aim to achieve within a certain timeframe.

Leadership

Ability to direct or inspire people to attain certain goals.

Planning

The process of setting objectives, determining strategies to achieve them, and developing plans to integrate and coordinate activities.