2 Exercise 1-4 Learning the language of business LO C1, C2, C3 Match each of the...

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2 Exercise 1-4 Learning the language of business LO C1, C2, C3 Match each of the descriptions with the term or phrase it best reflects. 2 points Print Description 1. A collection of accounting rules and concepts set by the FASB. 2. A group that sets accounting principles in the United States. 3. Amount a business earns in excess of all expenses and costs associated with its sales and revenues. 4. A government agency that enforces proper use of GAAP. 5. Accounting professionals who provide services to many clients. Term or Phrase 2 Exercise 1-4 Learning the language of business LO C1, C2, C3 Match each of the descriptions with the term or phrase it best reflects. 2 points Print Description 1. A collection of accounting rules and concepts set by the FASB. 2. A group that sets accounting principles in the United States. 3. Amount a business earns in excess of all expenses and costs associated with its sales and revenues. 4. A government agency that enforces proper use of GAAP. 5. Accounting professionals who provide services to many clients. Term or Phrase