Chapter 4 Classified Balance Sheet Flashcards
1
Q
Current Assets
A
Cash Short Term Investments Note Receivable Account Receivable Interest Receivable Inventories Pre-paid Expenses Supplies
2
Q
Non-Current Assets
A
Long Term Investments
- Shares/Bonds
- Long Term Note Receivables
- Land (not being used in operating activities)
Property, Plant, and Equipment
- Land
- Buildings
- Equipment
- Vehicles
- Furniture
3
Q
Intangible Assets
A
Goodwill Patents Copyrights Trademark Licenses Franchises
4
Q
Current Liabilities
A
Accounts Payable Notes Payable Salaries Payable Interest Payable Unearned Revenues Current Maturities of Non-Current Liabilities
5
Q
Non-Current Liabilities
A
Long Term Notes Payable
Mortgages Payable
6
Q
Classification of Assets
A
Current Assets Long Term Investments Property, Plant, and Equipment Intangible Assets Goodwill
