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In the space provided at right, write the word or phrase that is defined or...

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Question

Accounting

In the space provided at right, write the word or phrase that is defined or indicated.

1.Obligations expected to be liquidated through use of current assets.

1.

2. Statement showing financial condition at a point in time.

2.

3. Events that depend upon future outcomes.

3.

4. Probable future sacrifices of economic benefits.

4.

5. Resources expected to be converted to cash in one year or the operating cycle, whichever is longer.

5.

6. Resources of a durable nature used in operations.

6.

7. Economic rights or competitive advantages which lack physical substance.

7.

8. Probable future economic benefits.

8.

9. Residual interest in the net assets of an entity.

9.

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