Word Scramble for...

Financial Statements

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	Word Clue	Scrambled Answer	Unscrambled Answer
1.	The _______ sheet will report the total amount of a corporation's retained earnings.	NABCALE	BALANCE
2.	The financial statement that reports the liabilities is sometimes known as the statement of financial ____________.	NIPIOOTS	POSITION
3.	The balance sheet reports amounts at a _________ in time.	TIPNO	POINT
4.	The amount of working __________ can be calculated quickly from a classified balance sheet.	TACLIPA	CAPITAL
5.	The income statement reports amounts for a _________ of time.	ORPIDE	PERIOD
6.	The amounts earned from a company's main activities.	NEREVSEU	REVENUES
7.	The costs that are matched with revenues.	SENESEPX	EXPENSES
8.	Sales minus the cost of goods sold equals _______ profit.	SOGSR	GROSS
9.	The financial statement that reports the change in cash and cash equivalents is the statement of cash ________.	WOLFS	FLOWS
10.	Other comprehensive income is reported in the statement of stockholders' ________.	TUIQYE	EQUITY
11.	The heading of the statement of cash flows discloses the _________ of time covered.	EIDPRO	PERIOD
12.	The income statement is often referred to as the ________ and loss statement.	TOPIRF	PROFIT
13.	Bonds payable will be reported as a long-term ____________.	YBAITIILL	LIABILITY
14.	Financial statements are best prepared under the __________ basis of accounting.	LCAARCU	ACCRUAL
15.	Paid-in capital is one section of ________________ equity.	TCSKOROHDSLE	STOCKHOLDERS
16.	The amounts to calculate the debt to equity ratio are found on the ________ sheet.	CLAEABN	BALANCE
17.	The current period's net income is part of the corporation's ___________ earnings reported on the balance sheet.	EINERADT	RETAINED
18.	The costs expiring during the current accounting period.	NEEPSXSE	EXPENSES
19.	Prepaid expenses are reported as ________.	SATESS	ASSETS
20.	Customer deposits are reported as _____________.	IBALISITEIL	LIABILITIES

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