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