:K 1 Terminology Matching Continued Auditor's Report Net Income Net Loss Sarbanes-Oxley Act Partnership Sole-Proprietorship Corporation Stakeholder's Equity Current Assets A business owned by 2 or more people Prepared by an outside independent person giving their opinion about the fairness of the organization's financial position and the organization's conformance with GAAP Regulations passed by Congress to reduce unethical corporate behavior The owner's claim to assets A business owned by 1 person A business organized as a separate legal entity owned by stockholders Assets the organization expects to convert to cash or use up within 1 year of its operating cycle The amount by which expenses exceed revenues The amount by which revenues exceed expenses
:K 1 Terminology Matching Continued Auditor's Report Net Income Net Loss Sarbanes-Oxley Act Partnership Sole-Proprietorship Corporation Stakeholder's Equity Current Assets A business owned by 2 or more people Prepared by an outside independent person giving their opinion about the fairness of the organization's financial position and the organization's conformance with GAAP Regulations passed by Congress to reduce unethical corporate behavior The owner's claim to assets A business owned by 1 person A business organized as a separate legal entity owned by stockholders Assets the organization expects to convert to cash or use up within 1 year of its operating cycle The amount by which expenses exceed revenues The amount by which revenues exceed expenses
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I need help completing Next Matching
Transcribed Image Text:k 1
10
Terminology Matching Continued
Auditor's Report
Net Income
Net Loss
Sarbanes-Oxley Act
Partnership
Sole-Proprietorship
Corporation
0
Stakeholder's Equity
Current Assets
F6
F7
F8
F9
A business owned by 2 or more people
Prepared by an outside independent person giving their opinion about the fairness of
the organization's financial position and the organizations conformance with GAAP
Regulations passed by Congress to reduce unethical
corporate behavior
The owner's claim to assets
A business owned by 1 person
A business organized as a separate legal entity owned by
stockholders
Assets the organization expects to convert to cash or use up
within 1 year of its operating cycle
The amount by which expenses exceed revenues
The amount by which revenues exceed expenses
prt sc
F10
home
end
F12
Co
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