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 C A A B E L 2 Resources owned by a company that have economic value and can provide future benefits. S T A S S E 3 Obligations or debts that a company owes to outside parties, requiring future settlement. A I I L B S I E T I L 4 The residual interest in the assets of an entity after deducting liabilities, representing ownership. Q U E T Y I 5 The income generated from normal business operations, typically from sales of goods and services. N E R U E E V 6 Costs incurred in the process of earning revenue, which reduce overall profit. E X E S S N P E 7 The net amount of cash being transferred into and out of a business, indicating liquidity. O L S C F A W H 8 A formal record that provides an overview of financial performance and position over a period. E T T M S A E T N
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