Term or Abbreviation\ SEC\ Investing activities\ Private company\ Corporation\ Accounting\ Partnership\ FASB\ Financing activities\ Unit of measure\ GAAP\ Public company 12. Operating activities\ Definition\ A. A system that collects and processes financial information about an organization and reports that information to decision makers.\ B. Measurement of information about a business in the monetary unit (dollars or other national currency).\ C. An unincorporated business owned by two or more persons.\ D. A company that sells shares of its stock privately and is not required to release its financial statements to the public.\ page 29\ E. An incorporated business that issues shares of stock as evidence of ownership.\ F. Buying and selling productive resources with long lives.\ G. Transactions with lenders (borrowing and repaying cash) and stockholders (selling company stock and paying dividends).\ H. Activities directly related to running the business to earn profit.\ I. Securities and Exchange Commission.\ J. Financial Accounting Standards Board.\ K. A company that has its stock bought and sold on stock exchanges and is required to publicly release its financial statements.\ L. Generally accepted accounting principles.\ LO 1-2, 1-4

Definition A. A system that collects and processes financial information about an organization and reports that information to decision makers. B. Measurement of information about a business in the monetary unit (dollars or other national currency). C. An unincorporated business owned by two or more persons. D. A company that sells shares of its stock privately and is not required to release its financial statements to the public. page 29 E. An incorporated business that issues shares of stock as evidence of ownership. F. Buying and selling productive resources with long lives. G. Transactions with lenders (borrowing and repaying cash) and stockholders (selling company stock and paying dividends). H. Activities directly related to running the business to earn profit. I. Securities and Exchange Commission. J. Financial Accounting Standards Board. K. A company that has its stock bought and sold on stock exchanges and is required to publicly release its financial statements. L. Generally accepted accounting principles