Assets, liabilities and the balance sheet

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Across
  1. 5. liabilities obligations not due within the next 12 months
  2. 8. names or symbols that distinguish products and hold marketing value
  3. 12. the gradual reduction in value of an intangible asset over time
  4. 14. off removed completely from the accounts because it no longer holds value
  5. 15. assets non-physical assets like patents, brands, or goodwill
  6. 16. liabilities obligations due to be paid within one year
  7. 17. to reduce the book value of a tangible asset over time
  8. 18. value the value of an asset as recorded in accounting records
  9. 19. assets long-term assets such as land, buildings, or equipment
Down
  1. 1. the value of a company's reputation and customer relationships
  2. 2. money a company owes to others; financial obligations
  3. 3. assets assets expected to be used or turned into cash within a year
  4. 4. the reduction in value of a tangible fixed asset over time
  5. 6. year the 12-month period a business uses for accounting purposes
  6. 7. down reduced in value on the balance sheet but not eliminated
  7. 9. over to spread the cost of an intangible asset across its useful life
  8. 10. concern the assumption that a business will continue operating in the future
  9. 11. something valuable owned by a business
  10. 13. to record a cost as an expense in financial accounts
  11. 14. an accounting action that removes an asset from the balance sheet
  12. 18. sheet a financial statement showing assets, liabilities, and equity