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