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