Match the Terms Below with the Correct Definitions

question 14

Multiple Choice

Match the terms below with the correct definitions.
-Sales minus the sum of sales returns and allowances and sales discounts

• A)Property and equipment
• B)Reversing entries
• C)Gross profit
• D)Current ratio
• E)Working capital
• F)Net income or net loss
• G)Net sales
• H)Income from operations
• I)Long-term liabilities
• J)Liquidity

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Definitions:

Causal Attributions

The method through which people deduce the reasons behind their own and others' actions.

Distinctiveness

The quality or state of being noticeably different or unique compared to others.

Consensus

A general agreement among a group of people or in the scholarly literature on a particular issue or topic.

Covariation Principle

A concept in social psychology that explains how we attribute behavior to consistent internal or external factors over time.