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