Matching
Match the following definitions with the appropriate term
Premises:
The uncertainty about the return to be earned.
Resources such as cash that an owner puts into the company.
A financial ratio stated as income divided by assets invested.
Creditor's claims on a company's assets.
Decreases in equity from costs of providing products or services to customers.
Resources such as cash that an owner takes from the company for personal use.
Resources a company owns or controls that are expected to yield future benefit.
Expresses the relation of assets, liabilities and equity in a company, comparing the resources the company owns to the sources of funds to acquire the resources.
Responses:
Return on assets
Assets
Expenses
Risk
Liabilities
Owner withdrawals
Accounting equation
Owner capital
Correct Answer:
Premises:
Responses:
The uncertainty about the return to be earned.
Resources such as cash that an owner puts into the company.
A financial ratio stated as income divided by assets invested.
Creditor's claims on a company's assets.
Decreases in equity from costs of providing products or services to customers.
Resources such as cash that an owner takes from the company for personal use.
Resources a company owns or controls that are expected to yield future benefit.
Expresses the relation of assets, liabilities and equity in a company, comparing the resources the company owns to the sources of funds to acquire the resources.
Premises:
The uncertainty about the return to be earned.
Resources such as cash that an owner puts into the company.
A financial ratio stated as income divided by assets invested.
Creditor's claims on a company's assets.
Decreases in equity from costs of providing products or services to customers.
Resources such as cash that an owner takes from the company for personal use.
Resources a company owns or controls that are expected to yield future benefit.
Expresses the relation of assets, liabilities and equity in a company, comparing the resources the company owns to the sources of funds to acquire the resources.
Responses:
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