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Econ Crossword

Across
Inventory purchased on credit creates a BLANK
Debt Capital
A business begins with a BLANK proposition
Equity Capital
Significant
Returns are a BLANK expense
Required if non-quantitative information is important
The cornerstone of GAAP
The Matching Principle guides BLANK recognition
Only BLANK is cash
Realization before BLANK
Distributions of earnings or profits
Principle that preserves the fundamental accounting equality
Down
Financial Accounting follows the BLANK concept
Accounting year
Cash-basis accounting is BLANK-based
Probable future economic benefits
Short term for Operating Income
Gift Cards are an example of BLANK
The Realization Principle guides BLANK recognition
Highly certain future economic sacrifices
BLANK introduces the need for interpretations
Goods for sale
Created assets such as a good reputation
Advertising & Promotions are BLANK expenses