Financial Statements (Word Scramble)

1. The _______ sheet will report the total amount of a corporation's retained earnings.

2. The financial statement that reports the liabilities is sometimes known as the statement of financial ____________.

3. The balance sheet reports amounts at a _________ in time.

4. The amount of working __________ can be calculated quickly from a classified balance sheet.

5. The income statement reports amounts for a _________ of time.

6. The amounts earned from a company's main activities.

7. The costs that are matched with revenues.

8. Sales minus the cost of goods sold equals _______ profit.

9. The financial statement that reports the change in cash and cash equivalents is the statement of cash ________.

10. A corporation's accumulated other comprehensive income is reported in the balance sheet section stockholders' ________.

11. The heading of the statement of cash flows discloses the _________ of time covered.

12. The income statement is often referred to as the ________ and loss statement.

13. Bonds payable will be reported as a long-term ____________.

14. Financial statements are best prepared under the __________ basis of accounting.

15. Paid-in capital is one section of ________________' equity.

16. The amounts to calculate the debt to equity ratio are found on the ________ sheet.

17. The current period's net income is part of the corporation's ___________ earnings reported on the balance sheet.

18. The costs expiring during the current accounting period.

19. Prepaid expenses are reported as ________.

20. Customer deposits are reported as _____________.