17.1 Key and Academic Terms Created by: Cody Estes

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Across
  1. 1. To declare or indicate in advance.
  2. 8. To change from one form or function to another.
  3. 9. Anything of value that is owned or controlled.
  4. 15. Creditors' claims to the assets of a business.
  5. 17. Equity An owner's claim to the assets of the business.
  6. 19. Demand as necessary or essential
  7. 21. payable Represent the short-term liabilities that a business owes to creditors.
  8. 22. To make available to the public.
  9. 24. Statement A report of the revenue, expenses, and net income or net loss over an accounting period.
  10. 25. Rules that provide a way to communicate financial information to others.
Down
  1. 2. Assets Assets that are either used up or converted to cash during the normal cycle of business.
  2. 3. Assets Items of value that will be held for more than one year.
  3. 4. of cash flows A financial report that shows incoming and outgoing money during an accounting period.
  4. 5. A plan specifying how money will be used or spent during a particular period.
  5. 6. Equation A rule that states that assets must always equal the sum of liabilities and owner's equity.
  6. 7. Plan A set of documents that outline the essential financial facts about the new venture.
  7. 10. Sheet A report of the balances in all assets, liability,and owner's equity accounts at the end of an accounting period.
  8. 11. Flows The money that is available to a business at any given time.
  9. 12. Money supplied by investors, banks, or owners of a business.
  10. 13. To bring into existence, produce.
  11. 14. To plan, figure, or estimate for the future.
  12. 16. To increase the extent, number, volume, or scope of.
  13. 18. Property and other items of value owned by a business.
  14. 20. A group of symbols associated to express facts or data concisely.
  15. 23. The present value of an asset less all claims against it.