Match each term with its definition. Fixed assets Liquidity Trial balance Independent audit Current assets Cash flow Managerial accounting Double-entry Match each of the options above to the items below. A measure of a company's financial health found by calculating the difference between cash receipts and cash payments. No answer A balance sheet account combining assets that are expected to be converted to cash within a year. No answer An accounting technique that records financial information as both a debit and a credit. No answer Tangible property that a firm owns and does not convert quickly into cash. No answer An examination of a firm's financial statements done by a certified public accountant (CPA) who is not an employee of the firm. No answer The ability of an asset to be converted into cash quickly without any impact on the price of the asset. No answer The branch of accounting that measures, analyzes, and communicates information about a company's operations to internal managers to aid their decision making. No answer An informal accounting schedule that lists general ledger account balances at a point in time.

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Heres the matching of each term with its definition Fixed assets Tangible property that a firm owns ... View the full answer