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