Question

M2-2 (Static) Matching Definitions with Terms LO2-1, 2-2, 2-3, 2-4 Match each definition with its related term by selecting the appropriate term from the list provided. There should be only one definition per term (that is, there are more definitions than terms). Definition Term A. Accounting model. B. Four periodic financial statements. C. The two equalities in accounting that aid in providing accuracy. D. The results of transaction analysis in accounting format. E. The account that is debited when money is borrowed from a bank. F. Probable future economic benefits owned by an entity. G. Cumulative earnings of a company that are not distributed to the owners. H. Every transaction has at least two effects. I. Probable debts or obligations to be paid with assets or services. Journal entry A = L + SE, and Debits = Credits Assets = Liabilities + Stockholders' Equity Liabilities Income statement, balance sheet, statement of stockholders' equity, and statement of cash flows

          M2-2 (Static) Matching Definitions with Terms LO2-1, 2-2, 2-3, 2-4
Match each definition with its related term by selecting the appropriate term from the list provided. There should be only one definition
per term (that is, there are more definitions than terms).
Definition
Term
A. Accounting model.
B. Four periodic financial statements.
C. The two equalities in accounting that aid in providing accuracy.
D. The results of transaction analysis in accounting format.
E. The account that is debited when money is borrowed from a bank.
F. Probable future economic benefits owned by an entity.
G. Cumulative earnings of a company that are not distributed to the owners.
H. Every transaction has at least two effects.
I. Probable debts or obligations to be paid with assets or services.
Journal entry
A = L + SE, and Debits = Credits
Assets = Liabilities + Stockholders' Equity
Liabilities
Income statement, balance sheet, statement of
stockholders' equity, and statement of cash flows

M2-2 (Static) Matching Definitions with Terms LO2-1, 2-2, 2-3, 2-4
Match each definition with its related term by selecting the appropriate term from the list provided. There should be only one definition
per term (that is, there are more definitions than terms).
Definition
Term
A. Accounting model.
B. Four periodic financial statements.
C. The two equalities in accounting that aid in providing accuracy.
D. The results of transaction analysis in accounting format.
E. The account that is debited when money is borrowed from a bank.
F. Probable future economic benefits owned by an entity.
G. Cumulative earnings of a company that are not distributed to the owners.
H. Every transaction has at least two effects.
I. Probable debts or obligations to be paid with assets or services.
Journal entry
A = L + SE, and Debits = Credits
Assets = Liabilities + Stockholders' Equity
Liabilities
Income statement, balance sheet, statement of
stockholders' equity, and statement of cash flows

Added by Margarita L.

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