Review the meaning of the following concepts or terms discussed in this chapter.

a Revenue.

b Expense.

c Net income.

d Loss.

e Accounting period.

f Natural business year or fiscal period.

g Accrual basis of accounting.

h Cash basis of accounting.

i Percentage-of-completion method.

j Completed-sales or completed-contract method.

k Installment method.

l Cost-recovery-first method.

m Conservatism.

n Unexpired cost.

o Expired cost.

p Product cost.

q Period expense.

r Matching convention.

s Manufacturing overhead.

t Flow of costs.

u Income from continuing operations.

v Income from discontinued operations.

w Adjustments for accounting principles changes.

\(\mathbf{x}\) Extraordinary gains and losses.

y Primary earnings per share.

z Fully diluted earnings per share.