Accounting


Word Scramble for...

Elements of
Financial Statements

Print  Email


The following questions pertain to the Financial Accounting Standards Board's Concepts Statement No. 6, which can be found at www.FASB.org.


NOTE: To see each answer, place your cursor in the middle of the cell under "Unscrambled Answer".

Word Clue
Scrambled
Answer
 Unscrambled
Answer
 1. Probable future economic benefits is part of the definition of __________. STASES ASSETS
 2. Inflows from delivering goods or services and other activities that are part of a company's main operations. ESEERUNV REVENUES
 3. The residual interest in the assets of an entity after deducting liabilities. YQUIET EQUITY
 4. ______________ by owners increase their ownership interest. TSNMISVENTE INVESTMENTS
 5. Probable future sacrifices resulting from a past transaction or event. IILLBESTIAI LIABILITIES
 6. Outflows, using up of assets, or incurring a liability as the result of earning revenues. SENPSEEX EXPENSES
 7. Other ___________________ income includes unrealized gains or losses on available-for-sale securities. PORCHESIMEVEN COMPREHENSIVE
 8. The net outflows resulting from peripheral transactions. SSOLES LOSSES
 9. __________________ to owners will decrease owner's equity. TORNDUSTIBISI DISTRIBUTIONS
10. The net increases in equity from peripheral transactions. SAGIN GAINS



Accounting Exams






Accounting
Cheat Sheet

Receive our popular 15-page
Cheat Sheet at no cost when
you join our free newsletter:

First Name:
Email Address:
60,000+ have already joined
We keep your email address
100% safe and secure.

Download our new
Business Forms
Learn more about a
Career in Accounting
Search Accounting Jobs
Start a discussion in our Accounting Forum