Match the term with its definition.
A. Outstanding credit that is owed to suppliers
B. The amount of credit extended to customers
C. Total (cumulative) depreciation expense taken over an asset's life
D. Stock shares that represent ownership in a corporation
E. Assets that can be converted into cash relatively quickly
F. Borrowed money that must be repaid within 12 months
G. A measure of a company's relative liquidity, determined by dividing current assets by current liabilities
H. Physical assets that will be used in the business for more than one year, such as equipment, buildings, and land
I. Depreciable assets at their original cost, before any depreciation expense has been taken
J.
K. Intangible assets, such as patents, copyrights, and goodwill
A. accounts payable (trade credit)
B. accounts receivable
C. accumulated depreciation
D. common stock
E. current assets (working capital)
F. current debt (short-term liabilities)
G. current ratio
H. fixed assets (property, plant, and equipment [PPE])
I. gross fixed assets
J. net fixed assets
K. other assets
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a. True b. False
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