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Chapter 1 Key Terms

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Chapter 1 Key Terms

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3				4																				5
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			12


						13

Across:

3.	reports a companys financial performance over a specific accounting period
7.	nonoperating revenues or income for companies not in the business of lending money
8.	rights of owner
9.	sell products they purchase from other businesses to customers

10.	an accounting practice whereby firms recognize revenues and their related expenses in the same accounting period
12.	is a corporate structure whereby the members of the company cannot be held personally liable for the companys debts or liabilities
13.	requires that the amounts recorded in the accounting records be based on objective evidence

Down:

1.	area of accounting that provides internal users with information
2.	rights of creditors are the debts of the business
4.	change basic inputs into products that are sold to costumers

5.	accounting reports providing this information
6.	excess expenses exceed the revenue
11.	excess of the revenue over the expenses

© 2017 PuzzleFast.com, Noncommercial Use Only

Chapter 1 Key Terms

1

M

A

2

L

N

3

I

N

C

O

4

M

E

S

T

A

T

E

M

E

N

T

S

5

F

A

A

A

6

N

I

G

B

7

I

N

T

E

R

E

S

T

R

E

V

E

N

U

E

8

O

W

N

E

R

S

E

Q

U

I

T

Y

I

U

T

A

M

L

F

L

N

E

I

A

O

C

N

T

C

S

I

T

I

T

S

A

A

E

U

L

C

S

9

M

E

R

C

H

A

N

D

I

S

I

N

G

B

U

S

I

N

E

S

S

S

C

I

T

O

N

A

U

G

10

M

A

T

C

H

I

N

G

C

O

N

C

E

P

T

S

N

B

11

N

E

T

U

E

M

I

S

T

E

N

12

L

I

M

I

T

E

D

L

I

A

B

I

L

I

T

Y

C

O

M

P

A

N

Y

G

N

N

T

E

C

S

S

13

O

B

J

E

C

T

I

V

I

T

Y

C

O

N

C

E

P

T

S

M

E

Across:

3.	reports a companys financial performance over a specific accounting period
7.	nonoperating revenues or income for companies not in the business of lending money
8.	rights of owner
9.	sell products they purchase from other businesses to customers

10.	an accounting practice whereby firms recognize revenues and their related expenses in the same accounting period
12.	is a corporate structure whereby the members of the company cannot be held personally liable for the companys debts or liabilities
13.	requires that the amounts recorded in the accounting records be based on objective evidence

Down:

1.	area of accounting that provides internal users with information
2.	rights of creditors are the debts of the business
4.	change basic inputs into products that are sold to costumers

5.	accounting reports providing this information
6.	excess expenses exceed the revenue
11.	excess of the revenue over the expenses

© 2017 PuzzleFast.com, Noncommercial Use Only