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Match each definition with its related term by selecting the appropriate term in the dropdown provided. There should be only one definition per term (
Match each definition with its related term by selecting the appropriate term in the dropdown provided. There should be only one definition per term that is there are more definitions than terms Note: Select "None of these are correct" if there is no Term for the "Definition". tableDefinitionTermtableA Record revenues when earned and measurable when the company transfers promised goodsor services to customers, it should record the amount it expects to be entitled to receiveRevenuestableB The time it takes to purchase goods or services from suppliers, sell goods or services tocustomers and collect cash from customers.Operating cycleC Record expenses when incurred in earning revenue.,None of these are correctD The costs of operating the business that are incurred to generate revenues during the period.,None of these are correctE Report the long life of a company in shorter time periods.,None of these are correcttableF The amounts earned and recorded from a company's daytoday business activities, mostlywhen a company sells products or provides services to customers or clients.RevenuestableG Result primarily from the disposal of assets for less than their cost minus the amount of costdepreciated in the past.None of these are correct
Match each definition with its related term by selecting the appropriate term in the dropdown provided. There should be only one definition per term that is there are more definitions than terms
Note: Select "None of these are correct" if there is no Term for the "Definition".
tableDefinitionTermtableA Record revenues when earned and measurable when the company transfers promised goodsor services to customers, it should record the amount it expects to be entitled to receiveRevenuestableB The time it takes to purchase goods or services from suppliers, sell goods or services tocustomers and collect cash from customers.Operating cycleC Record expenses when incurred in earning revenue.,None of these are correctD The costs of operating the business that are incurred to generate revenues during the period.,None of these are correctE Report the long life of a company in shorter time periods.,None of these are correcttableF The amounts earned and recorded from a company's daytoday business activities, mostlywhen a company sells products or provides services to customers or clients.RevenuestableG Result primarily from the disposal of assets for less than their cost minus the amount of costdepreciated in the past.None of these are correct
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