Question

A Edit View History Bookmarks People Tab Window Help 2 Homework X > TRACS : COMM 1310 L06 Xu Mail-Seelbach, Grace M - Ou x + newconnect.mheducation.com/flow/connect.html ate * CatsWeb TRACS CANVAS Connect Math MSIMnet STXST Email G Google Q Quizlet my mework Saved Help Save & E Che E2-1 Matching Terms with Definitions [LO 2-1, LO 2-2, LO 2-3, LO 2-5) Select appropriate letter to each of its related definition in the list given below. Definition A. Economic resources to be used or turned into cash within one year. B. Reports assets, liabilities, and stockholders' equity. C. Decrease assets; increase liabilities and stockholders' equity. D. Increase assets; decrease liabilities and stockholders' equity. E. An exchange or event that has a direct and measurable financial effect. P. Accounts for a business separate from its owners. G. The principle that assets should be recorded at their original cost to the company. H. A standardized format used to accumulate data about each item reported on financial statements. I. The basic accounting equation. J. The two equalities in accounting that aid in providing accuracy. K. The account credited when money is borrowed from a bank using a promissory note. L. Cumulative earnings of a company that have not yet been distributed to the owners. M. Every transaction has at least two effects. N. Amounts presently owed by the business. Definition Term 1. Transaction 2. Separate Entity Assumption 3. Balance Sheet 4. Liabilities 5. Assets - Liabilities - Stockholders' Equity 6. Current Assets Prey 1 of 10 !!! Next > O 4 wi x] PS MacBook Pro

Answer 1

Below is the matching for the given terms:

1 – E

2 – F

3 – B

4 – N

5- I

6 - A

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