To see each answer, press or click on the blue "Unscramble" button. If you have difficulty answering the following questions, learn more about this topic by reading our Elements Of Financial Statements (Explanation).
1. Probable future economic benefits is part of the definition of __________.
ASSETS ESSTSA2. Inflows from delivering goods or services and other activities that are part of a company's main operations.
REVENUES NUSEVREE3. The residual interest in the assets of an entity after deducting liabilities.
EQUITY TIEQUY5. Probable future sacrifices resulting from a past transaction or event.
LIABILITIES TIBAIILLSEI6. Outflows, using up of assets, or incurring a liability as the result of earning revenues.
EXPENSES XNPEESES7. Other ___________________ income includes foreign currency translation adjustments.
COMPREHENSIVE EESOPENVHCMIR9. __________________ to owners will decrease owner's equity.
DISTRIBUTIONS BOIITSDISRTNUFeatured Review
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