Solved

Match the Appropriate Definitions with Correct Term

Question 139

Matching

Match the appropriate definitions with correct term.

Premises:

Responses:

Any length of time that a company uses to evaluate its performance.

Dividends

A period beginning with cash, conversion of cash to inventory, sales of inventory, and receipt of cash from sales.

Expenses

The amount a company has earned from providing goods or services to customers.

Revenues

Distribution of earnings to the owners of the corporation.

Accounting period

The costs incurred to generate revenue.

Operating cycle

Premises:

Any length of time that a company uses to evaluate its performance.

A period beginning with cash, conversion of cash to inventory, sales of inventory, and receipt of cash from sales.

The amount a company has earned from providing goods or services to customers.

Distribution of earnings to the owners of the corporation.

The costs incurred to generate revenue.

Responses:

Dividends

Expenses

Revenues

Accounting period

Operating cycle

Correct Answer:

Premises:

Responses:

Any length of time that a company uses to evaluate its performance.

A period beginning with cash, conversion of cash to inventory, sales of inventory, and receipt of cash from sales.

The amount a company has earned from providing goods or services to customers.

Distribution of earnings to the owners of the corporation.

The costs incurred to generate revenue.