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I n v e n t o r y
Cross Puzzle
Across
3. Cost-flow assumption reporting recently purchased inventory on the balance sheet (4 words)
5. Beginning inventory + Purchases = Goods _____ for Sale
6. Marketable Securities are _____ investments (2 words)
7. Asset cost not yet depreciated (2 words)
8. Valuing investments at the closing stock price (3 words)
10. Securities bought and sold for profit in the near term
11. Subtotal that is the first indication of profitability (2 words)
14. 360 divided by AR Turnover = AR _____
17. Salvage value or scrap value or _____ value
20. Huge amount of debt that can be traded in smaller denominations (2 words)
22. AR _____ measures how quickly a company collects amounts from customers
23. Gains and losses recorded when a security is sold and cash received
25. Keeping track of each inventory item purchased and sold (2 words)
27. Investments intended to be held for more than one year (2 words)
28. How long it takes to sell merchandise (2 words)
30. Not trading securities (3 words)
31. When sold is reported as COGS on the income statement
Down
1. Tangible long-term assets whose cost includes the purchase price, delivery, and set-up costs (4 words)
2. Estimate of accounts receivable that may go bad in the future is the _____ for Uncollectible
4. Gains and losses reflecting changes in market price
9. Take uncollectible accounts receivable off the company books (2 words)
12. Physical currency (such as dollar bills, coins, etc.) and bank deposits
13. Double-declining balance is an _____ method of depreciation
15. Depreciation method spreading cost equally over all periods (2 words)
16. Measures the number of times a company sells its average inventory level during the year (2 words)
18. Bank loans due in more than one year (3 words)
19. Highly-liquid investments with maturities of 90 days or less (2 words)
21. Historical cost is also referred to as _____ cost
24. Inventory cost-flow assumption used to reduce tax liabilities in a period of inflation (abbreviation)
26. Another companies’ stock or bond used to store excess cash or provide a long-term return
29. Report when sales proceeds exceed book value
