Question
Please match the following with the descriptions below: A, FraudF. Collusion B. Matching principleG. Useful life C. Voluntary deductionH. Involuntary deduction D. AmortizationI. Capital E.
Please match the following with the descriptions below:
A, FraudF. Collusion
B. Matching principleG. Useful life
C. Voluntary deductionH. Involuntary deduction
D. AmortizationI. Capital
E. Owner's equityJ. Mutual agency
1 ______Ability of a partner to act as an agent of the partnership in dealing with persons outside the partnership.
2. ______ Time period over which an asset cost is allocated.
3. ______ Withholding that neither the employer nor the employee have control over, and is required by law.
4. ______ Not required to be removed from employee pay unless the employee designates reduction of this amount.
5. ______ Act of intentionally deceiving a person or organization in order to secure some type of benefit.
6. ______ Cash and other assets owned by a company.
7. ______ Business owners' share of the company.
8. ______ Allocation of the cost of intangible assets over their useful economic lives.
9. ______ Cooperation agreement between more than one person for an illegal deceitful or immoral cause or purpose.
10. ______ Records expenses related to revenue generated in the period in which they are incurred.
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