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
???
Dividends Payable
Current Liability
Equipment
PPE (long Term Asset)
Franchises
Intangible Asset
Goodwill
Intangible Asset
Interest Payable
Current Liabilities
Inventory
Current Asset
Land - Held for future expansion December 2019
Other Asset value at historical cost
Land - Held for investment
Long Term Investment value at fair value
Land - Idle
????
Land - Site of corporate offices
PPE value at historical cost
Non-compete Agreements
Intangible Assets
Non-Controlling Interest
????
Notes Payable - Due December 2018
Current Liabilities
Notes Receivable From Officers - Due January 2019
Current Asset
Patents
Intangible Assets
Preferred Stock
Stockholder’s Equity
Premium on Bonds Payable
Shown after the bond either Long term liability or Current Liability (if bond payable is due in a year)
Prepaid Expenses
Current Asset
Retained Earnings
Stockholder’s Equity
Salaries Payable
Current Liability
Supplies
Current Asset
Trademarks
Intangible Assets
Treasure Stock (T/S)
Stockholder’s Equity (at the end after R/E)
Unearned Revenue
Current Liability
Current Portion of Long Term Debt
Current Liability
Balance Sheet Asset Categories
Current Assets
Investments
Property, Plant and Equipment (PPE)
Balance Sheet Liability Categories
Current Liabilities
Long Term Liabilities (Debt)
Stockholder’s Equity
Contributed Capital
Retained Earnings
