Select the term that best fits each of the following definitions and descriptions. Indicate your answer by placing the appropriate letter in the space provided.

a.	Summary of accounting policies
b.	Liquidity
c.	Sinking fund
d.	Normal operating cycle
e.	Balance sheet--report form
f.	Deficit
g.	Working capital
h.	Contributed capital
i.	Assets
j.	Subsequent event
k.	Objective acceleration clause
l.	Treasury stock
m.	Owners' equity
n.	Liabilities
o.	Subjective acceleration clause
p.	Callable obligation
q.	Capital stock
r.	Balance sheet--account form

____ 21. A balance sheet that presents assets, liabilities, and owners' equity sections in a vertical arrangement.

____ 22. Information often included in the initial note to the financial statements.

____ 23. The residual interest in the assets of an entity that remains after deducting its liabilities.

____ 24. An occurrence between the balance sheet date and the date financial statements are issued and made available to external users.

____ 25. The claims of creditors against an entity's resources.

____ 26. The time required for cash to be converted to inventories; inventories into receivables; and receivables into cash.

____ 27. Assets that have been accumulated in order to repay a loan.

____ 28. Current assets less current liabilities.

____ 29. Equity in a corporation arising from the stockholders' investments.

____ 30. A provision in a debt instrument that identifies specific conditions that will cause the debt to be callable immediately.

____ 31. Stock issued by a corporation but subsequently reacquired by the corporation and held for possible future reissuance or retirement.

____ 32. The portion of the contribution by stockholders assignable to the shares of stock as par or stated value.

____ 33. Probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.

____ 34. The ability of an entity to meet its short-term obligations.

____ 35. An excess of dividend payments and losses over retained earnings resulting in a negative retained earnings balance.