Statement of Financial Position and Statement of Changes in Equity

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Across
  1. 4. What type of assets have no physical form but hold economic value?
  2. 5. What is it called when income exceeds expenses?
  3. 6. What is the mandatory payment to the government on income or assets called?
  4. 7. What is the profit earned by a company called?
  5. 11. What portion of profits must be legally retained?
  6. 12. What companies transform raw materials into finished goods?
  7. 15. What are the estimated liabilities a company recognizes to cover probable future expenses or losses called?
  8. 18. What is the final profit of a company?
  9. 19. What assets can be turned into cash soon?
  10. 20. What is the initial contribution of partners to a company called?
Down
  1. 1. What is the current value of money to be received in the future called?
  2. 2. What is the original purchase value of an asset called?
  3. 3. What are goods available for sale in a company called?
  4. 8. What is the increase in value of an asset over time called?
  5. 9. What is the process of spreading the cost of an intangible asset over time?
  6. 10. What is the loss of value of a fixed asset over time called?
  7. 13. What is a company’s ability to pay its short-term debts?
  8. 14. What assets are kept for a long time?
  9. 16. What international standards regulate financial reporting?
  10. 17. What is it called when expenses exceed income?