175. Match the following terms with the appropriate definition. 1. Assets such as notes receivable or investments in stocks which are held for the longer of one year or the operating cycle of the company Closing entries 2. Obligations that are due to be paid or settled within one year or the operating cycle of a business whichever is longer Plant assets 3. A ratio that is used to help evaluate a company's ability to pay its short-term obligations, calculated by dividing current assets by current liabilities Unclassified balance sheet 4. The owner's claim on the assets of a company Intangible assets 5. Entries recorded at the end of each accounting period to transfer end-of-period balances in revenue, expense and dividends accounts to retained earnings Current liabilities 6. Cash or other assets that are expected to be sold, collected or used within one year or the company's operating cycle whichever is longer Current assets 7. Tangible long-lived assets used to produce or sell products or services Equity 8. A balance sheet that organizes the assets and liabilities into important subgroups Classified balance sheet 9. A balance sheet that broadly groups assets, liabilities and equity items Current ratio 10. Long-term assets used to produce or sell products or services; these assets usually lack physical form and their benefits are uncertain Long-term investments

175. Match the following terms with the appropriate definition. 1. Assets such as notes receivable or investments in stocks which are held for the longer of one year or the operating cycle of the...

175. Match the following terms with the appropriate definition.

1. Assets such as notes receivable or investments in stocks which are held for the longer of one year or the operating cycle of the company	Closing entries
2. Obligations that are due to be paid or settled within one year or the operating cycle of a business whichever is longer	Plant assets
3. A ratio that is used to help evaluate a company's ability to pay its short-term obligations, calculated by dividing current assets by current liabilities	Unclassified balance sheet
4. The owner's claim on the assets of a company	Intangible assets
5. Entries recorded at the end of each accounting period to transfer end-of-period balances in revenue, expense and dividends accounts to retained earnings	Current liabilities
6. Cash or other assets that are expected to be sold, collected or used within one year or the company's operating cycle whichever is longer	Current assets
7. Tangible long-lived assets used to produce or sell products or services	Equity
8. A balance sheet that organizes the assets and liabilities into important subgroups	Classified balance sheet
9. A balance sheet that broadly groups assets, liabilities and equity items	Current ratio
10. Long-term assets used to produce or sell products or services; these assets usually lack physical form and their benefits are uncertain	Long-term investments

May 15, 2022