P___& L____ statement shows the revenue, expenses and net income or loss over a period of time.
Profit & Loss
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15
L__________ are recorded on the right side of the balance sheet, while assets are listed on the left.
Liabilities
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thief
Give points!
5
10
15
20
25
rocket
Go to first place!
Okay!
shark
Other team loses 20 points!
Okay!
banana
Go to last place!
Oops!
15
We studied the b__________ s______ carefully to see if the assets exceeded the liabilities and shareholdersโ equity.
balance sheet
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15
Money that is owed to the business by its customers for the goods that have been delivered but not yet paid.
Accounts receivable
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15
He couldnโt start a business because he didnโt have enough c___________, so he decided to work as a freelancer for the time being.
capital
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15
She couldnโt tell me her n___ salary because she didnโt know all the taxes she was paying; moreover, salaries are not transparent in her company.
net
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15
ย The business had lowered its o_____ costs by cancelling their rental lease and working entirely remotely.
overhead
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15
The company was hurt by high d________ costs due to frequent machinery brekdowns, computer failures and building decay.
depreciation (asset value loss)
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eraser
Reset score!
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gift
Win 10 points!
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fairy
Take points!
5
10
15
20
25
lifesaver
Give 10 points!
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15
Although their balance sheet didnโt look very promising, the company seemed worth investing in because of an anticipated a_ _ _ _ _ _ _ _ _ _ _ in the value of their product.
appreciation
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15
The companyโs a______ were easy to calculate, but it was difficult to quantify the value of the employeesโ expertise.
assets
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seesaw
Swap points!
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rocket
Go to first place!
Okay!
gift
Win 15 points!
Okay!
lifesaver
Give 15 points!
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15
In order to decide if the company was worth investing in, they wanted to look at the p_________ it had been making over the previous year.
profit
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heart
Other team wins 25 points!
Oops!
gift
Win 5 points!
Okay!
fairy
Take points!
5
10
15
20
25
lifesaver
Give 25 points!
Oops!
15
We currently have a large accounts p_____ list to our suppliers.