188.Match the following terms with the appropriate definition.
1. Tangible assets that are long-lived and used to produce or sell products or services.
2. A balance sheet that broadly groups items into assets, liabilities and equity.
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.
4. A balance sheet that organizes the assets and liabilities into important subgroups that provide more information to decision makers.
5. Cash and other resources that are expected to be sold, collected, or used within one year or the company's operating cycle, whichever is longer.
6. Long-term resources that benefit business operations, usually lack physical form, and have uncertain benefits.
7. Entries recorded at the end of each accounting period to transfer end-of-period balances in revenue, expense, and dividends accounts to the permanent retained earnings account.
8. Obligations due to be paid or settled within one year or the operating cycle of a business, whichever is longer.
9. Assets that are held for more than the longer of one year or the operating cycle of the company and are not used in operations
10. The stockholders' claim on the assets of a company.