Match the word or phrase with the best description of it. An expression about wh
ID: 2331256 • Letter: M
Question
Match the word or phrase with the best description of it. An expression about whether financial statements conform with generally accepted accounting principles. Corporation Accounts ReceivableA business that raises money by issuing shares of stock. (b) Partnership Accounts Payable Auditor's Opinion (c) The portion of stockholders' equity that results from receiving cash from investors. Creditor Common Stock Stockholder Obligations to suppliers of goods. Amounts due from customers A party to whom a business owes money. A party that invests in common stock. A business that is owned jointly by two or more individuals but does not issue stockExplanation / Answer
Matching :
a Auditor's opinion An expression about whether financial statements conforms with generally accepted accounting principles b Corporation A business that raises money by issuing shares or stock c Common Stock The portion of stockholders equity that results that receiving cash from investors d Account payable obligations to suppliers of goods e Account receivable Amount due from customers f Creditors A party to whom a business owes money g Stockholder A party that invests in common Stock h Partnership A business that is owned jointly by two or more individuals but does not issue stock