Solved

Match the Following with the Descriptions Below

Question 101

Matching

Match the following with the descriptions below.

Premises:
The financial statement designed to show the ending amounts of a company's assets, liabilities, and owners' equity.
A measure of company solvency and its ability to meet its long-term obligations.
A measure of company liquidity; the relationship between current assets and current liabilities.
The financial statement designed to show the changes to owners' equity during a specified time period.
An asset likely to be used or consumed within one year.
The financial statement designed to show the cash inflows and cash outflows of the company for a period of time.
A liability likely to be paid or otherwise discharged within one year.
A measure of company profitability; the relationship between net income and sales.
An increase in the owners’ equity as a result of the firm’s ongoing operations.
Responses:
Current Ratio
Return on Sales Ratio
Statement of Cash Flows
Net Income
Current Liability
Debt to Equity Ratio
Statement of Owners' Equity
Current Asset
Balance Sheet

Correct Answer:

The financial statement designed to show the ending amounts of a company's assets, liabilities, and owners' equity.
A measure of company solvency and its ability to meet its long-term obligations.
A measure of company liquidity; the relationship between current assets and current liabilities.
The financial statement designed to show the changes to owners' equity during a specified time period.
An asset likely to be used or consumed within one year.
The financial statement designed to show the cash inflows and cash outflows of the company for a period of time.
A liability likely to be paid or otherwise discharged within one year.
A measure of company profitability; the relationship between net income and sales.
An increase in the owners’ equity as a result of the firm’s ongoing operations.
Related Questions

Q94: Compare and contrast the determination of income

Q95: List and define the two primary qualities

Q96: What is an accounting system? Why are

Q97: Describe what the results of each of

Q98: Match the following with the descriptions below.

Q99: It has been said that the periodicity

Q100: Hoxie Inc is an advertising agency and

Q102: Match the following balance sheet classifications with

Q103: Match the following balance sheet classifications with

Q104: Match the following with the descriptions below.

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents