Match the Term with Its Definition

Multiple Choice

Match the term with its definition.
-Agreements to repay cash amounts borrowed from banks or other lending sources, plus interest, for periods longer than 12 months

A) accrued expenses
B) cash flow activities
C) cost of goods sold
D) gross profits
E) long-term debt
F) long-term note
G) net profits
H) operating profits
I) profit margins
J) profits before taxes (taxable income)
K) short-term notes
L) statement of cash flows