Solved

Match Each of the Following Terms with the Most Appropriate

Question 240

Matching

Match each of the following terms with the most appropriate definition.

Premises:
The uncertainty about the expected return to be earned.
The excess of revenue over expenses.
Defining the idea,goals,and actions of an organization.
Area of accounting aimed at serving external users.
A financial ratio useful in evaluating management,analyzing and forecasting profits,and planning activities.
Creditor's claims on a company's assets.
Area of accounting aimed at serving the decision making needs of internal users.
Costs of assets or services used to earn revenues.
Responses:
Return on assets
Managerial accounting
Risk
Net income
Planning
Expenses
Financial accounting
Liabilities

Correct Answer:

The uncertainty about the expected return to be earned.
The excess of revenue over expenses.
Defining the idea,goals,and actions of an organization.
Area of accounting aimed at serving external users.
A financial ratio useful in evaluating management,analyzing and forecasting profits,and planning activities.
Creditor's claims on a company's assets.
Area of accounting aimed at serving the decision making needs of internal users.
Costs of assets or services used to earn revenues.
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