Balance Sheet Flashcards

1
Q

1

A

Find Current Assets

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2
Q

2

A

Find Long-Term Assets

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3
Q

3

A

Find the Total Assets

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4
Q

4

A

Find the Current Liabilities

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5
Q

5

A

Find the Long-Term Liabilities

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6
Q

6

A

Find the Shareholders Equity

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7
Q

7

A

Find the Total Liabilities and Shareholders Equity

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8
Q

Definition of The Balance Sheet.

A

Reports the assets, liabilities, and equity of a company as of the end of a particular accounting period.

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