balance sheet Flashcards
1
Q
Current assets include
A
cash, acct receivable, inventory, supplies, pre-paid insurance
2
Q
non-current assets (property plant and equipment)
A
land, building, accum depr-building, equipment, accum depri-equipment
3
Q
others
A
intangible assets, long-term investments
4
Q
in the end what equation to follow for total assets
A
total assests= total current+ non current+ others
5
Q
Current liabilities
A
acct payable, unearned rev, salaries payable, interest payable, income tax payable, current bank loan
6
Q
non-current liabilities
A
bank loan payable
7
Q
shareholders equity include
A
common shares , retained earnings
8
Q
take common shares and retained earnings and total equity from
A
stmt of change in equity
