Chapter 1 Crossword

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Across
  1. 4. A service that involves tax compliance and tax planning
  2. 6. Certificates that represent ownership of a corporation
  3. 7. A business entity owned by one person, who is legally responsible for the debits and taxes of the business
  4. 9. A publicly or privately owned business entity that is separate from its owners and has a legal right to own property and do business in its own name; stockholders are not responsible for the debts or taxes of the business
  5. 11. Accounting work performed for a federal, state, or local governmental unit
  6. 13. One to whom money is owed
  7. 14. Anything having its own separate identity, such as an individual, a town, a university, or a business
Down
  1. 1. The owners of a corporation; also called shareholders
  2. 2. The review of financial statements to assess their fairness and adherence to generally accepted accounting principles
  3. 3. The study of accounting principles used by different countries
  4. 5. A process designed to accumulate, classify, and summarize financial data
  5. 8. The process by which financial information about a business is recorded, classified, summarized, interpreted, and communicated to owners, managers, and other interested parties.
  6. 10. A business entity owned by two or more people who are legally responsible for the debts and taxes of the business
  7. 12. Accounting work carried on by an accountant employed by a single business in industry