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. N A E B C L 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. B E I A I I L I T L S 4 The residual interest in the assets of an entity after deducting liabilities, representing ownership. U E T I Y Q 5 The income generated from normal business operations, typically from sales of goods and services. N E R E V U E 6 Costs incurred in the process of earning revenue, which reduce overall profit. E E X S S N E P 7 The net amount of cash being transferred into and out of a business, indicating liquidity. O A F S L W H C 8 A formal record that provides an overview of financial performance and position over a period. T N T E S E M A T
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