1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aneli [31]
3 years ago
6

Consider the following accounting terms and definitions and match each term to the definition: Accounting a. an economic resourc

e that is expected to be of benefit in the future
Asset b. debts that are owed to creditors

Balance sheet c. excess of total expense over total revenues

Expense d. excess of total revenues over total expense

Income statement e. the basic tool of accounting, stated as asset=liabilities+equity

Liability f. decreases in equity that occur in the course of selling goods/services

Net income g. increase in equity that occur in the course of selling goods/services

Net loss h. reports on a business’s cash receipts and cash payments during a period

Revenue i. reports on an entity’s assets, liabilities, and stockholders’ equity as of a specific date

Statement of cash flows j. reports on an entity’s revenues, expenses, and net income or loss for the period

Statement of retained earnings k. reports how the company’s retained earnings balance changes from the beginning to the end of the period
Business
2 answers:
spayn [35]3 years ago
8 0
<h2><u>Answer:  </u></h2>

<u>Accounting</u>:

The basic tool of accounting, stated as asset=liabilities + equity (e)  

<u>Asset:</u>

An economic resource that is expected to be of benefit in the future (a)

<u>Balance sheet:</u>

Reports on an entity’s assets, liabilities, and stockholders’ equity as of a specific date (I)

<u>Expense:</u>

Decreases in equity that occur in the course of selling goods/services (f)

<u>Income statement:</u>

Reports on an entity’s revenues, expenses, and net income or loss for the period (j)

<u>Liability:</u>

Debts that are owed to creditors (b)

<u>Net income:</u>

Excess of total revenues over total expense (d)

<u>Net loss:</u>

Excess of total expense over total revenues (c)  

<u>Revenue:</u>

Increase in equity that occur in the course of selling goods/services (g)

<u>Statement of cash flow:</u>

Reports on a business’s cash receipts and cash payments during a period (h)

<u>Statement of retrained earning:</u>

Reports how the company’s retained earnings balance changes from the beginning to the end of the period (k)


DIA [1.3K]3 years ago
4 0

Answer:

ACCOUNTING - e

ASSET - a

BALANCE SHEET - i

EXPENSE - f

INCOME STATEMENT - j

LIABILITY - b

NET INCOME - d

NET LOSS - c

STATEMENT OF CASH FLOWS - h

STATEMENT OF RETAINED EARNINGS - k

You might be interested in
Phoenix, a popular coffee shop chain in North America, recently opened 400 stores to cater to its rapidly increasing number of p
Arisa [49]

Answer: market penetration

Explanation: In order to carter to its rapidly increasing number of patrons, Phoenix is engaging in market penetration by opening 400 stores to this effect. Market penetration is simply defined as a process of increasing or making more sales to current customers of an organisation without changing or modifying the products of the organisation.

4 0
3 years ago
Information systems in general are helpful because they are used for making informed decisions using more accurate reports. Howe
lesya692 [45]

Information systems have automated information management, making it quicker to process large amounts of information, but it can also create issues such as information security and IT competitiveness.

Information security is a problem arising from information systems that can configure fraudulent techniques to steal sensitive data from people and organizations and gain benefits, so it is essential to be prepared for the risks and support from specialized security companies.

The advancement of artificial intelligence can also correspond to a risk in the work environment, such as the competitiveness with IT of professionals who are not prepared to deal with digital innovations.

Therefore, it is necessary that organizations use IT to bring benefits in the speed of organizational processes, preparing themselves for risks and offering training and qualification to their employees to deal with digital systems.

Learn more here:

brainly.com/question/13299592

5 0
3 years ago
On January 1, 2017, Vaughn Company purchased 12% bonds, having a maturity value of $312,000, for $335,654.22. The bonds provide
Illusion [34]

Answer: 9.9

Explanation:

7 0
3 years ago
A bond is a(n):Group of answer choices a) legal promise to repay a debt. b) agreement issued by a financial intermediary linking
aliya0001 [1]

Answer:

a) legal promise to repay a debt.

Explanation:

A bond is an agreement that is made between the issuer or the bank or the financial institution and the borrower.  

The agreement was made in written specify the terms and conditions which involve the borrowed amount, interest rate, and the time period in which the borrower promises to pay back the money to the financial institution.  

3 0
3 years ago
Tonya had the following items for last year: Salary $40,000 Short-term capital gain 12,000 Nonbusiness bad debt (23,000) Long-te
bekas [8.4K]

Answer:

D) $50,000

Explanation:

Tonya's adjusted gross income = salary + long term capital gains = $45,000 + $5,000 = $50,000

Non-business bad debt is unrelated to the person's business, and must be totally worthless in order to be deducted. In this case, Tonya deducted the non-business bad debt last year, so it doesn't affect this year's AGI.

6 0
3 years ago
Other questions:
  • Carlita began 2014 with an interest payable account balance of $13,000. during 2014, it paid $5,000 in interest to its lenders.
    12·2 answers
  • National savings is equal to the sum of private savings and public savings. To make our notation a bit easier, we will call nati
    11·1 answer
  • a machine produces 374 bolts in 33 minutes. At the same time rate how many minutes would it take to produce 272 bolts
    14·1 answer
  • emphasize designing and managing organizations on an impersonal, rational basis through such elements as clearly defined authori
    9·1 answer
  • When Maria, the keynote speaker at a major business leaders' conference, arrived in the middle of the night at the Ritz-Carlton,
    10·1 answer
  • Which of the following item would cause cash per the hank statement to be smaller than the balance of cash show in the accountin
    7·1 answer
  • Which of Graeter’s stakeholders are most affected by the family’s decision to take a long-term view of the business rather than
    6·1 answer
  • Can we talk about the political and economic state of the world right now
    15·1 answer
  • a manufacturing company has been facing codification challenges caused by fluctuating levels of stock.stires departments must ma
    12·1 answer
  • Consider the following for the costs of a pair of jeans: Direct material costs: $2 per yard and 3 yards are needed Direct labor
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!