Across
- 1. a business owned and run by two or more partners
- 5. property owned by a company, regarded as having value
- 6. unincorporated business with 1 owner
- 8. any corporation that is taxed separately from its owners
- 9. a corporation that is not taxed separately from its owners
- 12. a partner whose liability is limited to their investment
- 13. abbreviation for a business structure that combines taxation of partnership with liability protection of corporation
- 14. the total assets of an entity, minus its total liabilities
- 15. the money spent or costs incurred
Down
- 2. a statement of revenues and expenses of a business
- 3. the percentage of net earnings not paid out as dividends
- 4. a statement that reflects the inflow of revenue versus the outflow of expenses
- 7. the act of keeping financial and legal data in proper documents
- 10. a company’s debts or obligations that come from business operations
- 11. a statement of the assets, liabilities, and equity of a business
