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vocabulary lesson 4

Alexis Debose

1 2 3 4 5

8.financial documents that are used to record and analyze the financial performance of a business
11.costs of operating a business
12.what a company owns; anything of value owned by a business
1.describes the financial plan for ongoing operations of the business for a specific period of time
2.what a company owes
3.a report of revenue, expenses, and net income or loss from operations for a specific period
4.a report that lists a company’s assets, liabilities, and owner’s equity
5.the value of the business after liabilities are subtracted from assets; the value of the owner’s investment in the business
6.plans income and expenses from the beginning of a new business or a major business expansion until it becomes profitable
7.an estimate of the actual money received and paid out for a specific period of time
9.detailed plans for the financial needs of a business
10.all income that a business receives over a period of time

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