ek 1 Terminology Matching Continued Terminology Matching Long-Term Investments Ratio Analysis Depreciation Intangible Assets Current Liabilities Long-Term Liabilities Liquidity Ratios Solvency Ratios SEC IFRS Examples: Stocks and bonds that are held more than 1 year, land, buildings, long-term notes Allocation of the cost of an asset to a number of years Examples: Current ratio, working capital ratio Examples: Goodwill, character, patents, copyrights, trademarks, accumulated amortization, FCC licenses Obligations to pay within the next year of the operating cycle Examples: Bonds payable, mortgages payable, long-term notes payable, lease liabilities, pension liabilities Expresses the relationship among selected items of financial statements Measures the ability of the organization to survive over a long period of time Oversees U.S. financial markets and accounting standard- setting bodies Set accounting standards that have been adopted by many countries outside the United States
ek 1 Terminology Matching Continued Terminology Matching Long-Term Investments Ratio Analysis Depreciation Intangible Assets Current Liabilities Long-Term Liabilities Liquidity Ratios Solvency Ratios SEC IFRS Examples: Stocks and bonds that are held more than 1 year, land, buildings, long-term notes Allocation of the cost of an asset to a number of years Examples: Current ratio, working capital ratio Examples: Goodwill, character, patents, copyrights, trademarks, accumulated amortization, FCC licenses Obligations to pay within the next year of the operating cycle Examples: Bonds payable, mortgages payable, long-term notes payable, lease liabilities, pension liabilities Expresses the relationship among selected items of financial statements Measures the ability of the organization to survive over a long period of time Oversees U.S. financial markets and accounting standard- setting bodies Set accounting standards that have been adopted by many countries outside the United States
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Can you please match the correct term to its definition
Transcribed Image Text:ek 1 Terminology Matching Continued
Terminology Matching
Long-Term Investments
Ratio Analysis
Depreciation
Intangible Assets
Current Liabilities
Long-Term Liabilities
Liquidity Ratios
Solvency Ratios
SEC
IFRS
O
Examples: Stocks and bonds that are held more than 1 year,
land, buildings, long-term notes
Allocation of the cost of an asset to a number of years
Examples: Current ratio, working capital ratio
Examples: Goodwill, character, patents, copyrights,
trademarks, accumulated amortization, FCC licenses
Obligations to pay within the next year of the operating cycle
Examples: Bonds payable, mortgages payable, long-term
notes payable, lease liabilities, pension liabilities
Expresses the relationship among selected items of financial
statements
Measures the ability of the organization to survive over a long
period of time
Oversees U.S. financial markets and accounting standard-
setting bodies
Set accounting standards that have been adopted by many
countries outside the United States
O
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