Statement of Financial Position Word Grid

Page | 12 2.2.3.A1 Statement of Financial Position Word Grid Total Points Earned 14 Total Points Possible Name Date Percentage Class Directions: 1. Before the lesson: a. Write a definition in your own words (in the shaded area) for each bolded term. (5 points) 2. After the lesson: a. Review the definitions and make any edits to ensure the definitions are correct. b. Complete the word grid again by placing a “” in each box that correctly matches a section of the Statement of Financial Position with an item. (9 points) Definition in your own words Wealth Sporting goods Student loan Value of checking account Retirement account Automobile loan Electronics Credit card balance Value of a savings tool account Monetary Asset
Tangible Asset
Investment Asset Liability
Net Worth
© Take Charge Today – August 2013 – Statement of Financial Position Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona