Chapter 1, Problem 1.19S

LO 1.2, 3, 4. 5

(Learning Objectives 1, 2, 3, 4, 5: Match vocabulary terms with definitions)

Match the following definitions with one of the terms listed here

Asset	Expenses	Managerial accounting
Balance sheet	Financial accounting	Net income
Bookkeeping	Historical cost principle	Partnership
Corporation	Income statement	Proprietorship
Equity	Investors and creditors	Revenues
Ethical duties	Liability	Statement of cash flows

Item	Definition
a.	Total revenues less total expenses
b.	Provides information for decision makers outside of the organization
c.	Provides information for managers of the organization
d.	Responsibilities of the members of society to each other