Match the following terms with the appropriate definitions. Each term is to be used only once
a. Interest
b. Contribution or contributed capital
c. Entrepreneur
d. Principal
e. Retained earnings
f. Comparative balance sheets
g. Multistep income statement
_____ 1. A person who starts a business.
_____ 2. A statement that reports two consecutive fiscal years.
_____ 3. The cost of borrowing money.
_____ 4. Reports gross profit on sales (or gross margin) and operating income as subtotals.
_____ 5. The equity that results from doing business that is kept in the company.
_____ 6. The amount of money borrowed.
_____ 7. An owner's investment in a company.
c, f, a, g, e, d, b
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