Match the Terms with the Definitions

Multiple Choice

Match the terms with the definitions.
-Cash and all other assets expected to be converted into cash or consumed within one year or the normal operating cycle of the business, whichever is longer.

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