1 This type of statement shows assets, liabilities, and equity (12)
3 Will increase a liability (6)
4 A form of business in which the company, and not the owners, is liable for the business's debts; owners are called members for this form of organization (3)
5 An adjustment for the payment of an item in advance or the receipt of cash in advance (8)
7 Type of accounting that focuses on providing relevant and accurate accounting information to decision makers outside of an organization, such as investors and creditors (9)
9 Economic resources that are expected to produce a benefit in the future (6)
12 Allocates the cost of a plant asset to expense over the asset's useful life (12)
13 A debt (9)
14 This type of statement reports how much revenues, expenses, gains, and losses the company had for a period of time (6)
15 The amount earned by income-producing activities and kept for use by the business. (16)
16 Will increase an asset (5)