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Match the Terms with the Definitions

Question 85

Multiple Choice

Match the terms with the definitions.
-Gross profit minus operating expenses on a multiple-step income statement.


A) accounts receivable turnover
B) average collection period
C) reversing entry
D) return on owner's equity
E) current assets
F) current liabilities
G) current ratio
H) post-closing trial balance
I) Mortgage Payable
J) income from operations
K) interstatement analysis
L) mortgage
M) long-term liabilities

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