Item to consider: 1. Assets 2. Liabilities 3. Gross Profit 4. Revenue 5. Expenses 6. Return on Equity 7. Liquidity 8. Solvency 9. Capitalization 10. Earnings per Common Share Match Association to Item by inserting the correct # # Association: Match Concepts/Comments to the best related Item (Random order below) 5 Is recognized when a performance obligation is satisfied by transferring to a customer a promised good or service 2 Refers to the availability of cash 3 Are resources owned and controlled by an entity from past transactions 4 Reflects entity performance and how assets are financed 9 Refers to an entity's ability to meet its debt obligations over the longer-term 6 Are unavoidable obligations of the entity resulting from past transaction 1 means that a cost is recorded on the balance sheet and is not immediately expensed in the income statement. 7 Is sales less the cost of goods sold 8 is the amount of earnings attributable to common shareholders 10 Are recognized when incurred and where there is no future benefit to the expenditure