Match the following balance sheet terms with their corresponding definitions.

A financial statement that describes a person's financial position at

a given point in time.

Any debt due $1$ year or more from the date of the balance sheet.

Tangible assets that are movable and used in everyday life.

The actual value of an asset, or the price for which it can

reasonably be expected to sell in the open market.

Assets such as stocks, bonds, mutual funds, and real estate that are

Assets that are held in the form of cash or that can readily be

acquired in order to earn a return rather than provide a service.

converted to cash with little or no loss in value.

The financial state in which net worth is less than zero.

Any debt due within $1$ year of the date of the balance sheet.

An individual's or family's actual wealth; determined by

subtracting total liabilities from total assets.

Tangible assets that are immovable: land and anything fixed to it$,$

$$

such as a house: