Multiple Choice
Match the accounting terminology with its definition and example.Note: Answers may be used more than once.
-Business organized under state law as a separate legal entity,with ownership divided into transferable shares of stock.
A) accounts payable
B) assets
C) corporation
D) cost
E) economic entity assumption
F) liabilities
G) market value
H) monetary unit assumption
I) note payable
J) (paid-in) capital
K) partnership
L) proprietorship
M) retained earnings
N) stockholders' equity
Correct Answer:

Verified
Correct Answer:
Verified
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