a b c d e f g h a select the correct word or phrase Common S
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
| (a) | select the correct word or phrase | An expression about whether financial statements conform with generally accepted accounting principles. | ||
|---|---|---|---|---|
| (b) | select the correct word or phrase | A business that raises money by issuing shares of stock. | ||
| (c) | select the correct word or phrase | The portion of stockholders’ equity that results from receiving cash from investors. | ||
| (d) | select the correct word or phrase | Obligations to suppliers of goods. | ||
| (e) | select the correct word or phrase | Amounts due from customers. | ||
| (f) | select the correct word or phrase | A party to whom a business owes money. | ||
| (g) | select the correct word or phrase | A party that invests in common stock. | ||
| (h) | select the correct word or phrase | A business that is owned jointly by two or more individuals but does not issue stock. |
Solution
a. An expression about whether financial statements confirm with the generally accepted accounting principles Auditor\'s Opinion b. A business that raises money by issuing shares of stock Corporation c.The portion of stockholders equity that results from receiving cash from investors Common Stock d. Obligations to suppliers of goods Accounts Payable e. Amount due from customers Accounts Receivable f. A party to whom business Owes money Creditor g. A party that invests in common stock Stockholder h. A business that is owned jointly by two or more individuals but does not issue stock Partnership