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Terminology Matching Continued

Terminology Matching Continued

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Terminology Matching Continued Auditor's Report Net Income Net Loss Sarbanes-Oxley Act Partnership Sole-Proprietorship Corporation Stakeholder's Equity Current Assets hp Assets the organization expects to convert to cash or use up within 1 year of its operating cycle A business organized as a separate legal entity owned by stockholders The amount by which revenues exceed expenses Prepared by an outside Independent person giving their opinion about the falmess of the organizations financial position and the organization's conformance with GAAP Regulations passed by Congress to reduce unethical corporate behavior A business owned by 1 person A business owned by 2 or more people The amount by which expenses exceed revenues The owner's claim to assets
Transcribed Image Text:Terminology Matching Continued Auditor's Report Net Income Net Loss Sarbanes-Oxley Act Partnership Sole-Proprietorship Corporation Stakeholder's Equity Current Assets hp Assets the organization expects to convert to cash or use up within 1 year of its operating cycle A business organized as a separate legal entity owned by stockholders The amount by which revenues exceed expenses Prepared by an outside Independent person giving their opinion about the falmess of the organizations financial position and the organization's conformance with GAAP Regulations passed by Congress to reduce unethical corporate behavior A business owned by 1 person A business owned by 2 or more people The amount by which expenses exceed revenues The owner's claim to assets
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