Choose the appropriate letter to match the term and the definition. match these Question 2 options:   Income Statement   Unit of Measure Assumption   Financing Activities   Retained Earnings   Investors   Operating Activities   Audit   Balance Sheet   1. An example of external users of financial statements. 2. A procedure by which independent evaluators assess the accounting procedures and financial reports of a company. 3. A financial statement showing a company's assets, liabilities and stockholders equity. 4. Activities directly related to running the business to earn profit. 5. The idea that a company should report its financial data in the relevant currency. 6. The cumulative total amount of profits that have been kept by the company. 7. Transactions with lenders (borrowing and repaying cash) and stockholders (selling company stock and paying dividends). 8. A financial statement that shows a company's revenues and expenses.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter1: Accounting And The Financial Statements
Section: Chapter Questions
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Choose the appropriate letter to match the term and the definition.

match these

Question 2 options:

 

Income Statement

 

Unit of Measure Assumption



 

Financing Activities



 

Retained Earnings



 

Investors

 

Operating Activities



 

Audit



 

Balance Sheet



 
1.

An example of external users of financial statements.

2.

A procedure by which independent evaluators assess the accounting procedures and financial reports of a company.

3.

A financial statement showing a company's assets, liabilities and stockholders equity.

4.

Activities directly related to running the business to earn profit.

5.

The idea that a company should report its financial data in the relevant currency.

6.

The cumulative total amount of profits that have been kept by the company.

7.

Transactions with lenders (borrowing and repaying cash) and stockholders (selling company stock and paying dividends).

8.

A financial statement that shows a company's revenues and expenses.

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