Asset, Liability, Or Shareholder's Equity? Flashcards
1
Q
Cash
A
Current asset
2
Q
Trading investment
A
Current asset
3
Q
Accounts receivable
A
Current asset
4
Q
Notes receivable
A
Current asset
5
Q
Inventory
A
Current asset
6
Q
Supplies
A
Current asset
7
Q
Prepaid expenses
A
Current Asset
8
Q
Long-term investments
A
Non- current asset
9
Q
Property, plant, equipment
A
Non-current asset
10
Q
Intangible assets
A
Non-current assets
11
Q
Goodwill
A
Non-current asset
12
Q
Bank indebtedness
A
Current liability
13
Q
Accounts payable
A
Current liability
14
Q
Deferred revenue
A
Current liability
15
Q
Notes payable
A
Current or non-current liability. Depends on date
