Match the Terms with the Definitions

Multiple Choice

Match the terms with the definitions.
-Obligations that are not expected to be paid within a year and do not require the use of current assets.

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