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Match the Terms with the Definitions

Question 73

Multiple Choice

Match the terms with the definitions.
-A balance sheet with separate categories for current assets; property,plant,and equipment; current liabilities; and long-term liabilities.


A) account form of balance sheet
B) accounting cycle
C) classified balance sheet
D) closing process
E) current assets
F) current liabilities
G) Income Summary
H) long-term liabilities
I) operating cycle
J) permanent accounts
K) post-closing trial balance
L) property, plant, and equipment
M) report form of balance sheet
N) temporary accounts

Correct Answer:

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