Balance Sheet

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	Word Clue	Scrambled 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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