Balance Sheet Layout

Question 1

What is included under current assets?

Answer 1

cash and cash equivalent
short term investments
accounts receivables
Inventory
Prepaids
(Clever Sharks Always Invest Profitably)

Question 2

What is classified as a long term asset?

Answer 2

Investments
Property, Plant, and Equipment
Intangible Assets
Other Long Term Assets
(Iguanas Play In Ocean)

Question 3

What is included under current liabilities?

Answer 3

Accounts Payable
Notes Payable
Deferred Revenues
Accrued Liabilities
Currently Maturing Portions of Long Term Debts
(Aquatic Narwhals Dive Along Currents)

Question 4

What are cash equivalents?

Answer 4

“maturity date no longer than three months of purchase”

Question 5

What are some examples of short term investment?

Answer 5

“Held to Maturity”
Trading Securities
Securities Available for Sale

Question 6

What are some examples of long term investments?

Answer 6

Equity and Debt Securities of other Corps
Land held for Speculations
Long Term Receivables
Cash Set Aside for Special Services

Question 7

What are some examples of Intangible Assets?

Answer 7

Patents
Copyrights
Trademarks
Franchises
Goodwill

Question 8

What’s included under shareholder’s equity”

Answer 8

Common Stock
APIC
Accumulated oci
Retained Earnings
Treasury Stock

Question 9

What’s the Balance sheet layout for asset?

Answer 9

Assets
Current Assets
Cash/ Cash equiv
Short term invest
acct reciev
allowance…
Inventory
Prepaids
Total Current Assets
Long term invest
PP&E
Net PP&E
Intangible asset
Other Assets
Total Assets

Question 10

What’s the Balance sheet layout for liabilities and SE?

Answer 10

Liabilities
Current Liabilities
Acct pay
Notes Pay
Dividend rev
Accrued liabilities
Current maturity…
Long term liabilities
(over 1 year)
Total liabilities

Share holder’s equity
common stock
APIC
Accumulated OCI
Retained Earnings
Treasury Stock
Total shareholder’s equity

Total SE + Liabilities