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