The terms and the definitions are matched appropriately
Explanation:
1. Operating cycle - C. The time it takes to purchase goods or services from suppliers, sell goods or services to customers, and collect cash from customers.
2. Accrual basis accounting- B. Record expenses when incurred in earning revenue.
3. Retained Earnings = Beginning Retained Earnings + Net Income - Dividends Declared - J. The income statement equation.
4. Unearned revenue - F. An asset account used to record cash paid before expenses have been incurred.
5. Revenues - Expenses = Net Income - L. The retained earnings equation.
6. Expenses - I. Record revenues when received and expenses when paid.
7. Prepaid Expenses - A. Report the long life of a company in shorter periods.
8. Gains - E. Increases in assets or decreases in liabilities from peripheral transactions.
9. None of these are correct