Solved

Match Each of the Following with the Appropriate Definition

Question 199

Matching

Match each of the following with the appropriate definition.Each term is to be used only once.

Premises:
Transactions involving the sale and purchase of long-term assets used in a business.
The earnings kept by the company.
Cash transactions that relate to the routine operations needed to run a business.
Anything that exposes a company to potential injury or loss.
An activity performed to minimize or eliminate a risk.
Transactions related to obtaining resources from long-term borrowing and from issuing stock.
Responses:
Investing activities
Risk
Operating activities
Control
Retained earnings
Financing activities

Correct Answer:

Transactions involving the sale and purchase of long-term assets used in a business.
The earnings kept by the company.
Cash transactions that relate to the routine operations needed to run a business.
Anything that exposes a company to potential injury or loss.
An activity performed to minimize or eliminate a risk.
Transactions related to obtaining resources from long-term borrowing and from issuing stock.
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