Match the Term with Its Definition

Multiple Choice

Match the term with its definition.
-An accounting method of recording profits when earned and expenses when incurred, whether the profits have been received in cash or the expenses paid

A) accrual-basis accounting
B) cash
C) cash-basis accounting
D) depreciable assets
E) depreciation expense
F) financial statements
G) inventory
H) liquidity
I) operating profit margin
J) return on assets
K) return on equity