Question 21 (1 point) Match each definition to its account name A firm's profits after paying all operating expenses Amounts owed by customers purchase on credit 1. Accounts receivable V Amounts owed to suppliers for purchase that a firm made on credit 2. Operating income 3. Retained earnings 4. Accounts payable 5. Depreciation The accumulation of a firm's previous years net profits that are kept for expansion A noncash expense that reflects the amount of the value of fixed assets used in operation during a recorded time period Previous Page Next Page Page 7 of 9 Link each abreviation with its luna EBIT 1 Earrings before interest and we EBDAT 2 Earrings before interest depreciation and mortation Earnings before depreciation amortization and takes a EBITDA Question 23 (1 point) Match the definition with the right statement Financial statement that provides a snapshot of a business financial position as of a specific date Financial statement that reports the revenues generated and expenses incurred over an accounting period Financial statement that 1 Statement of cash flow DO 2 Income statement 3 Balance sheet shows how cash flows into and out of a company during a specific period of operation Question 24 1 point) Link each account to the right financial statement that it belongs to Accumulated depreciation Depreciation Fixed assets Accounts payable Sales 1 Income statement Casti 2. Balance Sheet Inventory Cost of goods sold Retained caming