Exerclse 16.1 (Statlc) Accounting Terminology (LO16-1, LO16-2, LO16-3, LO16-4, LO16-5) Listed as follows are eight technical accounting terms Introduced or emphasized. Each of the following statements may (or may not) describe one of these technical terms. For each statement, Indicate the accounting term described, or answer "None" If the statement does not correctly descrlbe any of the terms