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MATCHING (Match the Term on the left with the definition on the right. Place the letter of the correct definition on the line before the
MATCHING (Match the Term on the left with the definition on the right. Place the letter of the correct definition on the line before the number.) 21. Accounting A. Federal agency Congress has charged to set reporting rules for organizations that sell ownership shares to the public. 22. Ethic B. Information and measurement system that identifies, records, and communicates relevant information about a company's business activities. 23. SEC C. A liability owed by the company or a debt. 24. Accounts Receivables D. Codes of conduct by which actions are judged as right or wrong, fair or unfair, honest or dishonest. 25. Accounts Payable E. Money owed to a company. 26. Asset F. Creditors' claims on assets. Money owed by the business to others, debt. 27. Liability G. Cash; Resources owned or controlled by a company that are expected to yield future benefits. 28. Equity H. Owner's claim on the assets of the business; Owners Equity; Capital. 29. Accounting Equation I. Assets = Liabilities + Equity
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