Crossword

3. Summarizes what a firm ownes and owes at a point in time.
6. Goods purchased for being sold.
9. Ownership interest of the company.
12. Cash and other assets that are convertable readily into cash throughout normal cycle of business or as usual within year.
13. Debts and obligations to pay oney or to rent services.
15. Reports how much firm earned in the period of analysis.

1. Physical items employed in production process or other operations of the business.
2. Economic resources owned by an entity and tailing future benefits to the entity.
4. Receivables that are frequently named as "bad debts".
5. Goods being manufactured and not completed yet.
7. Assets owned by an entity with the purpose of being sold or used in production process within 1 calendar year or operational cycle unless it's less than 1 year.
8. Long-lived assets necessary in the operation of a business and are not convertable into cash.
10. Assets that are due from debitors for certain date.
11. Long-term assets that lack physical existence.
14. Goods finished at production and awaiting for sale.