A list of accounting concepts and related definitions is presented below Concept 1 Revenue 2 Expense 3 Net income (loss) 4 Dividend 5 Asset 6 Liability 7 Stockholders equity Definition a Owners claim on the resources of a company b The difference between revenues and expenses c Increase in assets f...

1 c Increase in assets from the sale of goods or services 2 e Cost of ...

A list of accounting concepts and related definitions is presented below. Concept 1. Revenue 2. Expense 3.

Question:

A list of accounting concepts and related definitions is presented below.
Concept
1. Revenue
2. Expense
3. Net income (loss)
4. Asset
6. Liability
7. Stockholders’ equity
Definition
a. Owner’s claim on the resources of a company
b. The difference between revenues and expenses
c. Increase in assets from the sale of goods or services
d. Economic resources of a company
e. Cost of assets consumed in the operation of a business
f. Creditors’ claims on the resources of a company
g. of earnings to stockholders
Required:
Match each of the concepts with its corresponding definition.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...