Balance Sheet Classifications Flashcards
Accounts Payable
Current Liabilities
Accounts Receivable
Current Assets
Accrued Liabilities
Current Liabilities
Accumulated Depreciation Buildings
PPE (property, plant and equipment)
Accumulated Other Comprehensive Income (AOCI)
Equity
Allowance for Doubtful Accounts
Current Asset (under accounts receivable)
APIC (additional paid in capital) - Common Stock
Shareholder’s Equity under common stock
APIC (additional paid in capital) - Preferred Stock
Shareholder’s Equity under preferred stock
Bonds Payable - mature 2023
Long Term Liability
Buildings
PPE (long term asset)
Cash and Cash Equivalents
Current Asset
Cash restricted for future expansion December 2019
Long Term Asset (non current asset)
If the restricted cash is to be used 1 year of the balance sheet date then it is a current asset
Common Stock (C/S)
Stockholder’s Equity
Copyrights
Intangible Assets
Deferred Tax Assets
Current Assets
Deferred Tax Liabilities
Current Assets
Discount on Bonds Payable (B/P)
AKA Unamortized Bond Discount
Follows the B/P so depending on due date it will be Long Term Liability or Current Liability
Discount on Notes Receivable
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