Listed below are eight terms followed by a list of phrases that describe or characterize the terms. Match each phrase with the best term placing the number designating the term in the space provided.
- A profit or loss unusual in nature and infrequent in occurrence.
A) Liquidity
B) Conservative accounting practices
C) Solvency
D) Extraordinary item
E) Discontinued operation
F) Horizontal analysis
G) Vertical analysis
H) Aggressive accounting practices
Correct Answer:
Verified
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