Matching
Match the appropriate definitions with correct term.
Premises:
The cost of borrowing money.
A person who starts a business.
Reports gross profit on sales (or gross margin) and operating income as subtotals.
An owner's investment in a company.
A statement that reports two consecutive fiscal years.
The equity that results from doing business that is kept in the company.
The amount of money borrowed.
Responses:
Entrepreneur
Multistep income statement
Interest
Retained earnings
Contribution or contributed capital
Principal
Comparative balance sheets
Correct Answer:
Premises:
Responses:
The cost of borrowing money.
A person who starts a business.
Reports gross profit on sales (or gross margin) and operating income as subtotals.
An owner's investment in a company.
A statement that reports two consecutive fiscal years.
The equity that results from doing business that is kept in the company.
The amount of money borrowed.
Premises:
The cost of borrowing money.
A person who starts a business.
Reports gross profit on sales (or gross margin) and operating income as subtotals.
An owner's investment in a company.
A statement that reports two consecutive fiscal years.
The equity that results from doing business that is kept in the company.
The amount of money borrowed.
Responses:
Related Questions
Q71: Mia Hero started her own catering business
Q72: Wal-Mart is an example of a merchandising
Q73: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5475/.jpg" alt=" -The Cash balance
Q74: Stock may be purchased _.<br>A)on a stock
Q75: The Internal Revenue Service (IRS)is the governmental
Q77: Many of the largest CPA firms are
Q78: The four types of business are _.<br>A)service,wholesale,retail,and
Q79: Profit is the difference between assets and
Q80: Transactions can only occur between businesses.
Q81: Assume 2011 is the company's first year