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 Financial Statements (Explanation).
1. The _______ sheet will report the total amount of a corporation's retained earnings.
BALANCE ANBALEC2. The financial statement that reports the liabilities is sometimes known as the statement of financial ____________.
POSITION TIPOINSO4. The amount of working __________ can be calculated quickly from a classified balance sheet.
CAPITAL PAICLTA9. The financial statement that reports the change in cash and cash equivalents is the statement of cash ________.
FLOWS FWSOL10. A corporation's accumulated other comprehensive income is reported in the balance sheet section stockholders' ________.
EQUITY YQITEU11. The heading of the statement of cash flows discloses the _________ of time covered.
PERIOD DOPIRE12. The income statement is often referred to as the ________ and loss statement.
PROFIT FRTOIP14. Financial statements are best prepared under the __________ basis of accounting.
ACCRUAL AARUCLC15. Paid-in capital is one section of ________________' equity.
STOCKHOLDERS HTODRLSECKOS16. The amounts to calculate the debt to equity ratio are found on the ________ sheet.
BALANCE BCALNEA17. The current period's net income is part of the corporation's ___________ earnings reported on the balance sheet.
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