Topic 4: part 2 Flashcards
1
Q
Long lived Real Assets
A
Fixed Assets
2
Q
Short-lived Assets
A
Current Assets
3
Q
Investments in securities & assets of other firms
A
Financial Investments
4
Q
Short-term liabilities of the firm
A
Current Liabilties
5
Q
Cash/other marketable securities, accounts receivable, inventories, and other current assets are known as______________.
A
current assets
6
Q
amounts owed to the firm by
customers who have purchased goods or services on credit
A
Accounts receivable
7
Q
short-term, low-risk investments that can be easily sold and converted to cash like government debt that matures within a year.
A
cash/other marketable services
8
Q
composed of raw materials as well as
work-in-progress and finished goods;
A
inventories
