Match the term with the appropriate definition. Prompts Answers Question 6 1 The balance sheet Select match Question 6 2 Fiscal year Select match Question 6 3 Equity ownership Select match Question 6 4 Current assets Select match Question 6 5 Non-current assets Select match. OPTIONS: consecutive 12-month period chosen by the business to report financial operations. Assets that will be used by the business within a 12-month period. Also known as net worth, is the book value of the business for the owner, partner, or shareholders. Assets that will be used by the business for a period greater than 1 year. displays all the items owned by the business, all debts that are owed, and the book value of the business at a certain point in time.