Match the Term and the Explanation

Match the term and the explanation.(There are more explanations than terms.) _____ investors
_____ audit
_____ balance sheet
_____ operating activity
_____ unit of measure concept
_____ retained earnings
_____ investing activity
_____ income statement

A) An exchange of money between a company and its investors or creditors.
B) An example of an internal user of financial statements.
C) The idea that a company reports sales only after a payment has been received.
D) Share of a company's earnings given to owners as dividends.
E) A financial statement showing a company's assets,liabilities and shareholders' equity.
F) When a company acquires money from investors.
G) A financial statement that summarizes a company's past and current cash situation.
H) An external user of financial statements.
I) The idea that the financial statements of a company include the results of only that company's business activities.
J) Day to day events involved in the production and sales of a company's goods or services.
K) A financial statement that shows a company's revenues and expenses.
L) Borrowing money from lenders.
M) The total amount of profits that are held by the company since its inception.
N) Companies should report financial data in the relevant currency.
O) A procedure by which independent evaluators assess the accounting procedures and financial reports of a company.
P) Purchase or sale of long-term assets,like property and equipment used in production process.