Balance Sheeesh Flashcards
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1
Q
Accounts payable
A
CURRENT LIABILITY
2
Q
Accounts receivable
A
CURRENT ASSET
3
Q
Short-term loans
A
CURRENT LIABILITY
4
Q
Cash
A
CURRENT ASSET
5
Q
Inventory
A
CURRENT ASSET
6
Q
Income taxes payable
A
CURRENT LIABILITY
7
Q
Accrued salaries and wages
A
CURRENT LIABILITY
8
Q
Unearned revenue
A
CURRENT LIABILITY
9
Q
Prepaid Expenses
A
CURRENT ASSET
9
Q
Current portion of long-term debt
A
CURRENT LIABILITY
9
Q
Short term investments
A
CURRENT ASSET
9
Q
Long-term debt
A
LONG TERM LIABILITY
10
Q
Long-term investments
A
LONG TERM ASSET
10
Q
Deferred income tax
A
LONG TERM LIABILITIES
11
Q
Property, plant, and equipment
A
LONG TERM/FIXED ASSET
11
Q
Intangible assets
A
LONG TERM/FIXED ASSET
12
Q
Owner’s investment
A
OWNER’S EQUITY
13
Q
Retained earnings
A
OWNER’S EQUITY
14
Q
Less accumulated depreciation
A
LONG TERM/FIXED ASSET
15
Q
Labor
A
CURRENT LIABILITY
