ET Chapter 1, 2, 3 terms and definitions L 5. The account a company would use to accumulate the amount it owes their suppliers 6. Who equity financing is obtained from 10. The order in which assets are listed on the Balance Sheet 13. The financial statement report the shows a company's financial position at a point in time 14. The order in which liabilities are listed on the Balance Sheet 16. The principle that is used to measure the sets are to be recorded at when exchanged 18. The account company would use to record the amount for paper used during the current period in their office 19. The section of activities which includes buying and seeling productive assets with long lives, as shown on the statement of cash flows Down 1. The assumption that a company's financial activities are only the result of that company's activities 2. The account a company would use to accumulate the amount their customers owe them 3. The account a company would use to record funds in the company's bunk account 4. The type of activities directly related to running the business to earn a profit 7. A list of account titles with corresponding reference numbers used by companies so transaction items are consistently named 8. The account a company would use to accumulate the amount they owe the bank for their building 9. resources a company conctrols and expects future benefits 11. An obligation/ liabelity recorded by a company, 21. Used to show increases and decreases of an individal account, as well as ending balance; a T- account is an example 23. The financial statement report that shows a company's financial activity over a period of time 25. The account a company would use to accumulate the amount they paid for the property their future building will be built 26. Measurable amounts a company expects to give up or settle for the amounts owed to creditors representing cash received before the sale or service 12. The account a company would use to record revenue earned from services 15. The owners' (shareholders/ stockholders') claim to a company's resources 17. When a company pays its rent before it is due and the benefit will be used in future periods 20. Who debt financing is obtained from 22.1s an exchange of promises considered a transaction? 24. The account a company would use to accumulate the amount for unused paper in their office