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3. SEC is the acronym for _____________ and Exchange Commission.
4. -The __________ statement is sometimes referred to as the statement of operations.
6. -Dividends that a corporation declares and pays are reported under this activity on the statement of cash flows.
7. -Under the accrual-basis of accounting, revenues are reported on the income statement when they are ___________. Under the cash-basis of accounting, revenues are reported when the cash is received
12. -A long-term asset used in a business that does not get depreciated.
13. -The estimated selling price in the ordinary course of business minus the cost to complete and dispose is the definition of net ____________ value.
14. -Securities issued by a corporation that require interest payments every six months and the principal repayment at maturity.
16. -Financial statements for each quarter of the year are known as _______________ financial statements.

1. -a company whose accounting year is January 1 through December 31 is said to be a ____________-year company.
2. The balance sheet is also referred to as the statement of financial _____________.
5. - nuisance lawsuit is an example of a _____________ liability that is considered to be remote.
7. -The net income of a corporation divided by the number of shares of common stock outstanding. (acronym)
8. -Prepaid Insurance is an example of an expense that has been ____________ to the balance sheet and will be expensed in a later accounting period.
9. -An accounting year ending with a date other than December 31 is a _________-year company.
10. The __________ sheet reports assets, liabilities, and owner’s equity.
11. -A corporation's own stock that has been purchased by the corporation but is not retired is ___________ stock.
15. -If a corporation has cumulative preferred stock outstanding, the preferred stock's ____________ must be deducted from the corporation’s net income when computing the earnings per share.