Amortization, a.The process of gradually writing off the initial cost of an intangible asset over its useful life., Depreciation, c.The systematic allocation of the depreciable amount of a tangible fixed asset over its estimated useful life., Accrual Basis, b.An accounting method where revenues and expenses are recorded when they are earned or incurred,regardless of when cash is exchanged., Accounts payable, G.Money owed by a business to its suppliers, Intangible assets, E.trademarks, and copyrights, Long-term borrowings, D.Debts that must be paid back within a period longer than one year, sharehholder, H.someone who owns parts of a company, and copyrights, transaction, K.buying or selling something, liabilities, F.the opposite of assets, "cash cow" mean?, I.A product that makes steady profit., Which year had the highest total revenue?, M. 2568, How is the revenue changing from 2565 to 2568?, P.Increasing year by year, "The auditor will ________ Error: (A)Accountants (B)is C)very important (D)in business., N. is, "Error: (A)Accountants (B)should (C)checks (D)financial information., Q.checks, Error: (A)Globalization (B)help (C)companies (D)grow., O. help, "The auditor will ________ the company's financial records tomorrow.", J.audit (Verb), "The company suffered a ________ loss due to fraud.", R.material (Adjective), Shows revenues, expenses, and profit over a period., L.Income Statement

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