Matching
In European countries, terminology on financial statements sometimes differs from terminology commonly used in the United States.Match the European terms to commonly used United States counterparts.
Premises:
Liquid Funds
Financial Assets
Subscribed Capital
Trade Payables
Bonds
Trade Receivables
Due to Banks
Capital Reserve
Tangible Fixed Asset
Profit Reserves, Net Income, Available for Distributions
Responses:
Property, Plant, and Equipment
Notes Payable to Banks
Accounts Payable
Common Stock
Additional Paid-in Capital
Cash
Retained Earnings
Bonds Payable
Investment in Securities
Accounts Receivable
Correct Answer:
Premises:
Responses:
Liquid Funds
Financial Assets
Subscribed Capital
Trade Payables
Bonds
Trade Receivables
Due to Banks
Capital Reserve
Tangible Fixed Asset
Profit Reserves, Net Income, Available for Distributions
Premises:
Liquid Funds
Financial Assets
Subscribed Capital
Trade Payables
Bonds
Trade Receivables
Due to Banks
Capital Reserve
Tangible Fixed Asset
Profit Reserves, Net Income, Available for Distributions
Responses:
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