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Match the following terms with the appropriate definitions A - I: Question 26 options: 32. Statement of Retained Earning 29. Income Statemen 33. Revenue recognition

Match the following terms with the appropriate definitions A - I:

Question 26 options:

32. Statement of Retained Earning

29. Income Statemen

33. Revenue recognition principl

27. Balance sheet

34. Business entity principl

30. Expense

31. Time period assumptio

26. Measurement (Cost) Principl

28. Generally Accepted Accounting Principles

1.

This matches with choice F

2.

This matches with choice A

3.

This matches with choice C

4.

This matches with choice G

5.

This matches with choice I

6.

This matches with choice H

7.

This matches with choice D

8.

This matches with choice B

9.

This matches with choice E

10.

A report that shows the value of a Company's assets

11.

The principle that revenue is recorded when earned whether paid in cash or not.

12.

The concepts and rules that govern financial accounting

13.

Financial statement that reports the changes in equity; including increases from net income and decreases from dividends.

14.

The principle that requires a business to be accounted for separately from its owners.

15.

Principle that prescribes that assets to be recorded at actual cost.

16.

Financial statement that reports revenues and expenses along with the resulting net income.

17.

Presumes that the life of a company can be divided into periods for reporting purposes.

18.

Items paid for that have no economic future value.

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