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Sort the reporting words

Exercise and reference answers

Items
  1. Group
    Performance
    Item
    Revenue
  2. Group
    Performance
    Item
    Expenses
  3. Group
    Performance
    Item
    Net income
  4. Group
    Position
    Item
    Assets
  5. Group
    Position
    Item
    Liabilities
  6. Group
    Position
    Item
    Equity
  7. Group
    Structure
    Item
    Sole trader
  8. Group
    Structure
    Item
    Partnership
  9. Group
    Structure
    Item
    Corporation
Groups
  1. Item
    Performance
  2. Item
    Position
  3. Item
    Structure
Instructions
Drop each word onto performance, position or structure.

Explanation

_Source: OpenStax Principles of Financial Accounting, Chapter 2, Introduction to Financial Statements._
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