English for Accounting - Unit 2 activity 2b

What is the correct matched definition for the phrase "Intangible Assets"

• The holding company owns a minority interest (less than 50%), but the accounts are nevertheless consolidated.

• An asset which does not have a physical nature (such as a trademark or a patent).

• The total legal obligations of a company to pay other parties.

• The ordinary shares held by the owners, who therefore are the last to receive their money back in the event of liquidation.

What is the correct matched definition for the phrase "Consolidated Affiliates"?

• The holding company owns a minority interest (less than 50%), but the accounts are nevertheless consolidated.

• The amounts affecting common stockholders, but mot from movements in the stock of the company (e.g. currency translation adjustments).

• Profit which is not paid out to shareholders in the form of dividends, but instead is kept by the company to reinvest or pay off debts.

• The total legal obligations of a company to pay other parties.

What is the correct matched definition for the phrase "Total Liabilities"?

• The amounts affecting common stockholders, but mot from movements in the stock of the company (e.g. currency translation adjustments).

• The holding company owns a minority interest (less than 50%), but the accounts are nevertheless consolidated.

• Amounts that will be collected in the normal course of business within one year.

• The total legal obligations of a company to pay other parties.

What is the correct matched definition for the phrase "Common Stocks"?

• Amounts that will be collected in the normal course of business within one year.

• An asset that does not have a physical nature (such as a trademark or a patent).

• The ordinary shares are held by the owners, who are therefore the last to receive their money back in the event of liquidation.

• Profit, which is not paid out to shareholders in the form of dividends but instead is kept by the company to reinvest or pay off debts.

What is the correct matched definition for the phrase "Current Receivables"?

• The amounts affecting common stockholders, but mot from movements in the stock of the company (e.g. currency translation adjustments).

• Profit which is not paid out to shareholders in the form of dividends, but instead is kept by the company to reinvest or pay off debts.

• Amounts that will be collected in the normal course of business within one year.

• The holding company owns a minority interest (less than 50%), but the accounts are nevertheless consolidated.

What is the correct matched definition for the phrase "Retained Earnings"?

• The owners' ordinary shares are the last to be repaid in the event of a liquidation, making them the last to own these shares.

• Profit which is not paid out to shareholders in the form of dividends, but instead is kept by the company to reinvest or pay off debts.

• The holding company owns a minority interest (less than 50%), but the accounts are nevertheless consolidated.

• amounts affecting common stockholders but not from movements in the stock of the company (e.g., currency translation adjustments).

What is the correct matched definition for the phrase "accumulated gains"?

• Amounts that affect common stockholders but do not result from changes in the company's stock (such as adjustments for currency conversion).

• An asset that does not have a physical nature (such as a trademark or a patent).

• The holding company owns a minority interest (less than 50%), but the accounts are nevertheless consolidated.

• Amounts that will be collected in the normal course of business within one year.