(3): Write the word or phrase that is defined or indicated. 1. Obligations expected to be settled in the next year or operating cycle. 2. Statement showing assets, liabilities, and equity at a point in time. 3. Rights of others against assets. 4. Resources expected to be used, sold, or converted to cash in one year or the operating cycle, whichever is longer. 5. Tangible long-lived assets used in regular operations. 6. Economic rights or competitive advantages which lack physical substance. 7. Resources expected to provide future economic benefits 8. Rights of owners in the net assets of an entity