Match items with descriptions.

E$1\mathrm{.}1($LO $1,2,3),$ K Here is a list of words or phrases discussed in this chapter:

Corporation.

Creditor.

Accounts receivable.

Partnership.

Stockholder.

Common stock.

Accounts payable.

Auditor$$s opinion.

Hybrid organizational forms.

Instructions

Match each word or phrase above with the best description of it$.$

$\_\_\_\_\_\_$ a$.$ An expression about whether financial statements conform with generally accepted accounting principles.

$\_\_\_\_\_\_$ b$.$ A business that raises money by issuing shares of stock.

$\_\_\_\_\_\_$ c$.$ The portion of stockholders$$ equity that results from receiving cash from investors.

$\_\_\_\_\_\_$ d$.$ Obligations to suppliers of goods.

$\_\_\_\_\_\_$ e$.$ Amounts due from customers.

$\_\_\_\_\_\_$ f$.$ A party to whom a business owes money.

$\_\_\_\_\_\_$ g$.$ Combines tax advantages with limited liability.

$\_\_\_\_\_\_$ h$.$ A party that invests in common stock.

$\_\_\_\_\_\_$ i$.$ A business that is owned jointly by two or more individuals but does not issue stock.