Question: Exercise 1 2 - 1 ( Static ) Match terms with their definitions ( LO 1 2 - 1 , 1 2 - 2 ,

Exercise 12-1(Static) Match terms with their definitions (LO12-1,12-2,12-3,12-4,12-5,12-6) Match the following descriptions or examples with the item in the dropdown list that best fits. Descriptions a. A companys ability to pay its current liabilities. b. Accounting choices that result in reporting lower income, lower assets, and higher liabilitie c. Accounting choices that result in reporting higher income, higher assets, and lower liabiliti d. The ability of reported earnings to reflect the companys true earnings as well as the usefu to help investors predict future earnings. e. A tool to analyze trends in financial statement data for a single company over time. f. The sale or disposal of a significant component of a company's operations. g. A means to express each item in a financial statement as a percentage of a base amount h. A companys ability to pay its current and long-term liabilities.

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