Match the Term to the Appropriate Definition

Multiple Choice

Match the term to the appropriate definition.(There are more definitions than terms. )
-Income Statement

A) A procedure by which independent evaluators assess the accounting procedures and financial reports of a company.
B) An example of external users of financial statements.
C) Activities directly related to running the business to earn a profit.
D) When a company acquires money from investors.
E) A financial statement that summarizes a company's past and current cash situation.
F) Transactions with lenders (borrowing and repaying cash) and stockholders (selling company stock and paying dividends) .
G) The total amount of profits that are kept by the company.
H) The idea that the financial statements of a company include the results of only that company's business activities.
I) The idea that a company should report its financial data in the relevant currency.
J) Borrowing money from lenders.
K) A financial statement showing a company's assets,liabilities and stockholders' equity.
L) A financial statement that shows a company's revenues and expenses.
M) An example of an internal user of financial statements.