Across
- 5. A financial statement that shows the inflows and outflows of cash within a business during a specific period
- 7. Resources owned by the business
- 8. The owner’s claim on assets after all liabilities have been deducted.
- 12. Costs that do not change with production levels.
- 13. Money owed to the business for goods delivered or services rendered.
- 16. Obligations or debts the business owes.
- 19. a summary of the financial situation for a business at a specific point in time, a snapshot of the asset and liability position of a business at a point in time
- 20. Debts not due within the next twelve months.
- 21. Costs that vary directly with production levels.
Down
- 1. Assets with a lifespan greater than ten years.
- 2. Money owed by a business for goods or services received.
- 3. a report that summarizes the income, expenses, and profit of a business over a period of time
- 4. Total income before expenses.
- 6. Cash flows from activities that finance the business.
- 9. Debts that need to be paid within the next twelve months.
- 10. Cash flows from normal business operations.
- 11. Total income generated from sales.
- 14. Cash flows from buying and selling assets.
- 15. Costs for the purchase of inputs and services quickly used up.
- 17. Costs incurred in the process of generating revenue.
- 18. Assets that are expected to be used up or converted into cash within one year.