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Select the One Term That Best Fits Each Definition

Question 72

Multiple Choice

Select the one term that best fits each definition
-A comparison of one item on a financial statement with the same item on a previous period's financial statement.


A) accounts payable ledger
B) book value of accounts receivable
C) controlling account
D) cost of merchandise sold
E) debt ratio
F) gross profit
G) Medicare tax
H) horizontal analysis
I) payroll register
J) purchases allowance
K) quick ratio
L) subsidiary ledger
M) supporting schedule
N) withholding allowance
O) working capital

Correct Answer:

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