Word Scramble for...Balance SheetPrint |

If you have difficulty answering the following questions, learn more about this topic by reading our Explanation of Balance Sheet.
| Word Clue | Answer |
Unscrambled Answer | |
| 1. | The amounts reported on the balance sheet are as of a _________ in time. | NITPO | POINT |
| 2. | Resources. | SSSTAE | ASSETS |
| 3. | Obligations. | EITILASIBIL | LIABILITIES |
| 4. | Sales on account that have not yet been collected are accounts _______________. | LVEIECAERB | RECEIVABLE |
| 5. | Merchandise on hand. | NYTRIEONV | INVENTORY |
| 6. | The total depreciation since an asset was acquired is ______________ depreciation. | ELUAUTCCDAM | ACCUMULATED |
| 7. | Amounts owed for goods and services received on account are accounts __________. | LAABEPY | PAYABLE |
| 8. | A corporation's owner's equity is referred to as __________________' equity. | THEROLKODSCS | STOCKHOLDERS |
| 9. | The cumulative amount of a corporation's earnings less its cumulative dividends is _____________ earnings. | TDERAIEN | RETAINED |
| 10. | ________ stock is a corporation's own stock that it has purchased but has not retired. | YARESRTU | TREASURY |
| 11. | The company that has paid insurance premiums in advance should report the unexpired cost in the account __________ Insurance. | EAPDRIP | PREPAID |
| 12. | A small amount of cash available to make small outlays is known as the _________ cash fund. | TYPET | PETTY |
| 13. | Inventory is reported as a __________ asset. | NTRUCER | CURRENT |
| 14. | One section of stockholders' equity is paid-in or contributed _________. | PLATCIA | CAPITAL |
| 15. | The declaration of dividends will reduce the balance in __________ earnings. | IDEANERT | RETAINED |
| 16. | Inventories are often reported at the lower of cost or __________. | KATMER | MARKET |
| 17. | Cash that is restricted for the construction of a plant asset is reported in the balance sheet section labeled as _________________. | STEVENMISTN | INVESTMENTS |
| 18. | Sometimes an ______________ will require that a plant asset be written down to an amount smaller than its carrying value. | TRAMPMINIE | IMPAIRMENT |
| 19. | Patents, trademarks, and goodwill are examples of ________________ assets. | BALEGITNIN | INTANGIBLE |
| 20. | The accounts Allowance for Doubtful Accounts and Accumulated Depreciation are known as ________-asset accounts. | TROCAN | CONTRA |
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