An organization in which basic resources (inputs), such as materials and labor, are assembled and processed to provide goods or services (outputs) to customers is a(n) _____ A business organized under state or federal statutes as a separate legal entity is a(n) _____ An information system that provides reports to stakeholders about the economic activities and condition of a business is _____ Moral principles that guide the conduct of individuals are called _____ A specialized field of accounting that uses estimated data to aid management in running day-to-day operations and in planning future operations is called _____ accounting. A concept of accounting that requires that economic data be recorded in concept. dollars is the _____ concept. The resources owned by a business are called _____ The rights of the owners are called _____ Assets = Liabilities + Stockholders' Equity is the _____ Carson offered for sale at $75,000 land that had been purchased for $45,000. If Zimmer paid Carson $70,000 for the land, the amount that Zimmer would record for the purchase of the land in the accounting records is _____ The liability created by a purchase on account is referred to as a(n) _____ lf liabilities are $85.000 and stockholders' equity is $45.000. the amount of the assets is _____ If assets are $375,000 and stockholders' equity is $295,000 the amount of _____ The amount a business earns by selling goods or services to its customers _____ If operations for an accounting period resulted in cash sales of $60,000, sales on account of $150,000, and expenses paid in of $195,000, the net income or (net loss) for the period is _____ A summary of the changes in the retained earnings equity that have occurred during a specific period of time, such ao a month or a year, is the _____