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j . States that assets should be recorded at their actual cost on the date of purchase k . Mechanical part of accounting l .

j.
States that assets should be recorded at their actual cost on the date of purchase
k.
Mechanical part of accounting
l.
Also called the statement of financial position
m.
Economic resources that are expected to produce a benefits in the future
n.
Entities that provide money to finance a company's operations
o.
Answers the question "How well did the company perform during the period?"
p.
Reports cash flows from operating, investing, and financing activities
q.
A business organization form with two or more owners who are each personally liable for all of the businesss debts
r.
Insider claims of a business

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