Here is a list of words or phrases discussed in this chapter 1 Corporation 2 Creditor 3 Accounts receivable 4 Partnership 5 Stockholder 6 Common stock 7 Accounts payable 8 Auditors opinion Instructions Match each word or phrase with the best description of it (a) An expression about whether financi...

a 8 Auditors opinion b 1 Corpor ...

Here is a list of words or phrases discussed in this chapter: 1. Corporation 2. Creditor 3.

Question:

Here is a list of words or phrases discussed in this chapter:
1.
2. Creditor
3.
4. Partnership
5. Stockholder
6.
7. Accounts payable
8. Auditor’s opinion
Instructions
Match each word or phrase with the best description of it.
(a) An expression about whether conform with generally accepted accounting principles.
(b) A business enterprise that raises money by issuing shares of stock.
(c) The portion of stockholders’ equity that results from receiving cash from investors.
(d) Obligations to suppliers of goods.
(e) Amounts due from customers.
(f) A party to whom a business owes money.
(g) A party that invests in common stock.
(h) A business that is owned jointly by two or more individuals but does not issue stock.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...