1. Assets are valuable things that _______ company owns or something that can be received.
   an
   the
   –
   
2. Liabilities are what ________ company owes to outsiders.
   a
   an
   –
   
3. They hope that they will have ________ good return on their investments.
   the
   a
   –
   
4. It’s necessary to have ________ reasonable mix of liabilities and equity.
   a
   the
   –
   
5. ________ high level of debt can be risky for any business.
   –
   the
   a
   
6. ________ balance sheet represents ________ company’s financial position for one day at its fiscal year end.
   a … a
   the … the
   – … –
   
7. This year there has been no change in ________ owners’ equity.
   a
   the
   –
   
8. Companies must include ________ accumulated depreciation in ________ balance sheet.
   a … –
   the … a
   – … the
   

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