115. Match each of the following terms with the appropriate definitions. 1. The accounting principle that requires the financial statements (including the notes) to report all relevant information about operations and financial condition Materiality principle 2. A measure of both the quality and liquidity of accounts receivable. It indicates how often, on average, receivables are received and collected during the period Installment accounts receivable 3. The amount that the signer of a note agrees to pay back when the note matures, not including interest Factor 4. Amounts owed by customers from credit sales for which payment is required in periodic payments over an extended period of time Allowance method 5. Refers to a note maker inability or refusal to pay the note at maturity Full disclosure principle 6. One who signs a note and promises to pay it at maturity Direct write-off 7. A buyer of accounts receivable who charges the seller a fee and then receives cash from the receivables as they come due Maker of a note 8. A method of accounting for bad debts that matches the estimated loss from uncollectible accounts receivable against the sales they helped to produce Principal of a note 9. A method of accounting for bad debts that records the loss from an uncollectible account receivable when it is determined to be uncollectible Dishonoring a note 10. The accounting principle that states that an amount can be ignored if its effect on the financial statements is not important to their users Accounts receivable turnover

115. Match each of the following terms with the appropriate definitions. 1. The accounting principle that requires the financial statements (including the notes) to report all relevant...

115. Match each of the following terms with the appropriate definitions.

1. The accounting principle that requires the financial statements (including the notes) to report all relevant information about operations and financial condition	Materiality principle
2. A measure of both the quality and liquidity of accounts receivable. It indicates how often, on average, receivables are received and collected during the period	Installment accounts receivable
3. The amount that the signer of a note agrees to pay back when the note matures, not including interest	Factor
4. Amounts owed by customers from credit sales for which payment is required in periodic payments over an extended period of time	Allowance method
5. Refers to a note maker inability or refusal to pay the note at maturity	Full disclosure principle
6. One who signs a note and promises to pay it at maturity	Direct write-off
7. A buyer of accounts receivable who charges the seller a fee and then receives cash from the receivables as they come due	Maker of a note
8. A method of accounting for bad debts that matches the estimated loss from uncollectible accounts receivable against the sales they helped to produce	Principal of a note
9. A method of accounting for bad debts that records the loss from an uncollectible account receivable when it is determined to be uncollectible	Dishonoring a note
10. The accounting principle that states that an amount can be ignored if its effect on the financial statements is not important to their users	Accounts receivable turnover

May 15, 2022