Question

Match the items below by entering the appropriate code letter in the space provided. Investing activities...

Match the items below by entering the appropriate code letter in the space provided.

Investing activities

External users

___

Liabilities

____

Fiscal year

___

Net income

____

Dividends

____

Revenues

___

Private corporation

____

Assets

___

Proprietorship

1.

Amount by which revenues exceed expenses.

2.

Users not involved in managing the organization who use the accounting information.

3.

Involves acquiring the resources necessary to run the business.

4.

Ownership is limited to one person.

5.

Creditor claims against the assets of the business.

6.

Increase in economic benefits that result from the operating activities of a business.

7.

Distributions to shareholders.

8.

A separate legal entity that issues shares that are not publicly traded.

9.

Future economic benefits.

10.

An accounting period that is one year long.

0 0
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Answer #1
3

Investing activities

2

External users

5

Liabilities

10

Fiscal year

1

Net income

7

Dividends

6

Revenues

8

Private corporation

9

Assets

4

Proprietorship

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