Balance Sheet Flashcards
1
Q
Define notes payable
A
- recorded liabilites to pay
2
Q
Define deferred revenue
A
- ## have to pay using stocks (inventory)
3
Q
Define paid-in capital
A
- actual investment of the owners
- shareholders equity
4
Q
Define common stock
A
- public limited company only
- by common shareholders
5
Q
Define retained earnings
A
- profits that do not leave the company
6
Q
Define treasury stocks
A
- turn over to banl as bomds
- not added so in ()
