Unscramble Letters Financial Statements Unscramble ChallengeOnline version Test your knowledge of key concepts related to financial reporting in this fun word game! by Arlhene Lictawa 1 A financial statement that summarizes assets, liabilities, and equity at a specific point in time. N L A A C B E 2 Resources owned by a company that have economic value and can provide future benefits. S T S S A E 3 Obligations or debts that a company owes to outside parties, requiring future settlement. L T L I I E A I B S I 4 The residual interest in the assets of an entity after deducting liabilities, representing ownership. T I Y Q U E 5 The income generated from normal business operations, typically from sales of goods and services. V U R E N E E 6 Costs incurred in the process of earning revenue, which reduce overall profit. S E E S X P E N 7 The net amount of cash being transferred into and out of a business, indicating liquidity. F H L O S C A W 8 A formal record that provides an overview of financial performance and position over a period. T E S E T T M N A
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