Solved

For Each Statement Provided, Choose the Letter of the Appropriate

Question 63

Multiple Choice

For each statement provided, choose the letter of the appropriate term from the list that each statement best describes.Some terms may be used more than once, while others are not used at all.
-An artificial segment on the calendar used as a basis for preparing financial statements.


A) Capital stock
B) Asset
C) Owners' equity
D) Time period
E) Dividends
F) Economic entity concept
G) Expense
H) Retained earnings
I) Cost principle
J) Creditor
K) Liability
L) Revenue
M) Going concern
N) Monetary unit
O) Corporation

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions