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Match each of the following terms with the most appropriate definition

Match each of the following terms with the most appropriate definition:

1.  Amount received from selling products and services.

Risk

 

2. Those happenings that affect an entity's accounting equation and can be reliably measured.

Managerial accounting

 

3. Area of accounting aimed at serving external users.

Return on assets

 

4. Costs of assets or services used to earn revenues.

Liabilities

 

5. The uncertainty about the expected return to be earned.

Expenses

 

6.  Defining the idea, goals, and actions of an organization.

Planning

 

7. A financial ratio useful in evaluating management, analyzing, and forecasting profits and planning activities.

Financial accounting

 

8. Area of accounting aimed at serving the decision-making needs of internal users.

Net income

 

9. Creditors' claims on a company's assets.

Events

 

10.  The excess of revenue over expenses.

Revenues

 

 

Jan 28 2020 View more View Less

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