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Match the items below by entering the appropriate code letter in the space provided. ...

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Accounting

Match the items below by entering the appropriate code letter in the space provided.

Investing activities

External users
___

Liabilities
____

Fiscal year
___

Net income
____

Dividends
____

Revenues
___

Private corporation
____

Assets
___

Proprietorship
1.

Amount by which revenues exceed expenses.
2.

Users not involved in managing the organization who use the accounting information.
3.

Involves acquiring the resources necessary to run the business.
4.

Ownership is limited to one person.
5.

Creditor claims against the assets of the business.
6.

Increase in economic benefits that result from the operating activities of a business.
7.

Distributions to shareholders.
8.

A separate legal entity that issues shares that are not publicly traded.
9.

Future economic benefits.
10.

An accounting period that is one year long.

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