Chapter 17.2 Vocabulary Key Terms Created by: Mackenzie Pyle

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Across
  1. 2. Property and things of value owned by a company
  2. 5. Creditors' claims to the assets of a business
  3. 6. An owner's claim to the assets of a business
  4. 7. Financial report that shows incoming/outgoing money
  5. 9. A set of rules for accountants
  6. 10. Total amount of money owed to a business
  7. 11. A rule saying assets must equal the sum of liabilities and owner's equity
  8. 12. The short-term liabilities that a business owes
  9. 16. Assets that are either used up or converted to cash
Down
  1. 1. The money that is available to a business
  2. 3. A report of the revenue, expenses, and net income/loss
  3. 4. Documents that summarize the changes from business transactions
  4. 8. A report of the balances in all assets, liability, and owner's equity
  5. 13. Anything of value that is owned or controlled
  6. 14. Valuable items held for more than a year
  7. 15. Recording and reporting a financial position
  8. 17. The current value of an asset