$$\text { Match each of the following terms } ( a - h ) \text { with the correct definition below. }$$

Short Answer

$$\text { Match each of the following terms } ( a - h ) \text { with the correct definition below. }$$
-Statement where net income is determined by deducting all expenses from all revenues.
a. Credit terms
b. FOB destination
c. FOB shipping point
d. Periodic inventory system
e. Perpetual inventory system
f. Inventory shrinkage
g. Single-step income statement
h. Multiple-step income statement