1 This type of statement shows assets, liabilities, and equity
3 Will increase a liability
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
5 An adjustment for the payment of an item in advance or the receipt of cash in advance
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 Economic resources that are expected to produce a benefit in the future
12 Allocates the cost of a plant asset to expense over the asset's useful life
13 A debt
14 This type of statement reports how much revenues, expenses, gains, and losses the company had for a period of time
15 The amount earned by income-producing activities and kept for use by the business.
16 Will increase an asset
2 Amounts due from customers
3 Amount of debts due within 12 months
6 Type of business organization that has one owner who is personally liable
8 Current assets / Current liabilities
10 Type of accounting that provides information to users inside the organization, such as managers and other decision makers
11 Sales revenue minus cost of goods sold
12 Distributions of earnings to shareholders, usually in cash
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