Unit 7
Accounting and Finance Foundations Unit 7: Financial Statements 592Financial Statements
Chapter 18
Student Assignment
Financial Statement Word Scramble
Word Clue Scrambled
AnswerUnscrambled
Answer- The __ sheet will report the total amount of a
corporation’s retained earnings.
NABCALE- The financial statement that reports the liabilities
is sometimes known as the statement of financial
____.
NIPIOOTS- The balance sheet reports amounts at a _____ in
time.
TIPNO- The amount of working ____can be calculated
quickly from a classified balance sheet.
TACLIPA- The income statement reports amounts for a
__ of time.
ORPIDE- The amounts earned from a company’s main activities
are __.
NEREVSEU- The costs that are matched with revenues are
__.
SENESEPX- Sales minus the cost of goods sold equals __
profit.
SOGSR- The financial statement that reports the change in
cash and cash equivalents is the statement of cash
____.
WOLFS- Other comprehensive income is reported in the
statement of stockholders’__.
TUIQYE- The heading of the statement of cash flows discloses
the _____ of time covered.
EIDPRO- The income statement is often referred to as the
___ and loss statement.
TOPIRF- Bonds Payable will be reported as a long-term
__.
YBAITIILL- Financial statements are best prepared under the
__ basis of accounting.
LCAARCU- Paid-in capital is one section of ____ equity. TKCSHOROHDSLE
- The amounts to calculate the debt to equity ratio are
found on the __ sheet.
CLAEABN- The current period’s net Income is part of the
corporation’s __ earnings reported on the
balance sheet.
EINERADT- The costs expiring during the current accounting period
are __.
NEEPSXSE- Prepaid expenses are reported as __. SATESS
- Customer deposits are reported as __. IBALISITEIL
18.5.4Copied from AccountingCoach’sFinancial Statements Word Scramble, found athttp://www.accountingcoach.com/word-scramble/financial-statements.html