assets, liabilities, and equity Flashcards

1
Q

cash

A

asset

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2
Q

accounts receivable

A

asset

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3
Q

notes receivable

A

asset

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4
Q

marketable securities

A

asset

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5
Q

inventory

A

asset

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6
Q

supplies

A

asset

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7
Q

prepaid expenses

A

asset

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8
Q

buildings

A

equipment

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9
Q

land

A

asset

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10
Q

intangible assets

A

asset

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11
Q

natural resources

A

asset

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12
Q

accounts payable

A

liability

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13
Q

accrued liabilities

A

liability

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14
Q

unearned revenue

A

liability

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15
Q

interest payable

A

liability

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16
Q

notes payable

A

liability

17
Q

taxes payable

A

liability

18
Q

other payables

A

liability

19
Q

common stock

A

equity

20
Q

preferred stock

A

equity

21
Q

additional paid-in capital

A

equity

22
Q

retained earnings

A

equity

23
Q

dividends

A

equity

24
Q

cost of goods sold

A

equity

25
Q

advertising expenses

A

equity

26
Q

depreciation expense

A

equity

27
Q

interest expense

A

equity

28
Q

rent expense

A

equity

29
Q

tax expense

A

equity

30
Q

utilities expense

A

equity

31
Q

wages expense

A

equity