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