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Instructions

Hover over the missing word with your mouse to show the correct fill in the blank answer.


1. The —————— reports activity over a period of time.

________________________
income statement

2. The ———– reports activity on a specific point in time.

________________________
balance sheet

3. Operating activities are reported on the ————– before financing activities.

________________________
cash flow statement

4. The ———- shows the changes in equity during a period.

________________________
statement of equity

5. Accounts payable is reported as a ———– on the balance sheet.

________________________
current liability

6. All financial statements have ———— that display the company name, name of the report, and date of activity.

________________________
headings

7. The statement of retained earnings displays ———— before additions and subtractions from retained earnings.

________________________
Prior Period Adjustments

8. The ———- is the first financial statement prepared during the accounting cycle.

________________________
income statement

9. The can be prepared in both ———– and report formats.

________________________
account

10. The ———– summarizes investing activities during a period.

________________________
statement of cash flows





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