Chapter 1.pdf - M1-2 Term or Abbreviation F(1 Investing activities D(2 Private company E(3 Corporation A(4 Accounting C(5 Partnership I(6 AcSB G(7

Chapter 1.pdf - M1-2 Term or Abbreviation F(1 Investing...

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M1-2 Term or Abbreviation Definition F D E A C I G B K J H (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) Investing activities Private company Corporation Accounting Partnership AcSB Financing activities Unit of measure GAAP Public company Operating activities A. A system that collects and processes financial information about an organization and reports that information to decision makers. B. Measurement of information about a business in the monetary unit (dollars or other national currency). C. An unincorporated business owned by two or more persons. D. A company that sells shares privately and is not required to release its financial statements to the public. E. An incorporated business that issues shares as evidence of ownership. F. Buying and selling productive resources with long lives. G. Transactions with lenders (borrowing and repaying cash) and shareholders (selling company shares and paying dividends). H. Activities directly related to running the business to earn profit. I. Accounting Standards Board. J. A company that has its shares bought and sold by investors on established stock exchanges.
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