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Match the Terms with the Definitions

Question 2

Multiple Choice

Match the terms with the definitions.
-Compares the relationship between certain amounts in the income statement and balance sheet.


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

Correct Answer:

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