Match the Terms with the Definitions

Multiple Choice

Match the terms with the definitions.
-Those obligations that are due within one year or the normal operating cycle of the business, whichever is longer, and will require the use of current assets.

A) accounts receivable turnover
B) average collection period
C) reversing entry
D) return on owner's equity
E) current assets
F) current liabilities
G) current ratio
H) post-closing trial balance
I) Mortgage Payable
J) income from operations
K) interstatement analysis
L) mortgage
M) long-term liabilities