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
16
Q
Current portion of bank loans payable
A
Current liability
17
Q
Bank loan payable
A
Non-current liability
18
Q
Share capital
A
Shareholders equity
19
Q
Retained earnings
A
Shareholders equity
20
Q
Common shares
A
Shareholders equity
21
Q
Accumulated deprecation
A
Non-current asset (PPE)
