Balance Sheet & P & L

Relier Colonnes

(1)

Match the key terms descriptions to the Balance Sheet and Income Statement classifications

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balance sheet match

1276 fois fait

Créé par

Andy Gold

United States

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Relier Pairs Balance Sheet & P & LVersion en ligne Match the key terms descriptions to the Balance Sheet and Income Statement classifications par Andy Gold 1 The equity in the profits of a corporation that are kept in the corporation for operating, expansion, or other purposes. 2 Debts or obligations of a business that are to be fulfilled within one year or the normal operating cycle, whichever is longer. These obligations are fulfilled by giving current assets, rendering services, or replacing them with other current liabilities. 3 Net Sales – Costs of Goods Sold 4 Sales – (Sales Returns and Allowances + Sales Discounts) 5 Debts or obligations of a business that are not Current Liabilities. 6 Long-term assets, whose values are derived from some right or privilege associated with them, that do not have tangible characteristics of consequential value. (e.g. trademarks, patents, franchises). 7 Tangible long-term assets used in business operations. 8 Cash or other assets that are expected to be converted into cash or used in the generation of revenue within one year or the business’ normal operating cycle,whichever is longer. 9 Assets, usually long-term, that are owned by a business but not used in the primary operations of the business. 10 Gross Margin – Operating Expenses Net Sales Income from Operations Current Liabilities Plant, Property, and Equipment Investments Gross Profit Intangible Assets Long Term Liabilities Retained Earnings Current Assets

Relier Pairs

Balance Sheet & P & LVersion en ligne

Match the key terms descriptions to the Balance Sheet and Income Statement classifications

par Andy Gold

The equity in the profits of a corporation that are kept in the corporation for operating, expansion, or other purposes.

Debts or obligations of a business that are to be fulfilled within one year or the normal operating cycle, whichever is longer. These obligations are fulfilled by giving current assets, rendering services, or replacing them with other current liabilities.

Net Sales – Costs of Goods Sold

Sales – (Sales Returns and Allowances + Sales Discounts)

Debts or obligations of a business that are not Current Liabilities.

Long-term assets, whose values are derived from some right or privilege associated with them, that do not have tangible characteristics of consequential value. (e.g. trademarks, patents, franchises).

Tangible long-term assets used in business operations.

Cash or other assets that are expected to be converted into cash or used in the generation of revenue within one year or the business’ normal operating cycle,whichever is longer.

Assets, usually long-term, that are owned by a business but not used in the primary operations of the business.

Gross Margin – Operating Expenses

Net Sales

Income from Operations

Current Liabilities

Plant, Property, and Equipment

Investments

Gross Profit

Intangible Assets

Long Term Liabilities

Retained Earnings

Current Assets

Balance Sheet & P & L

Relier Colonnes

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Balance Sheet & P & L

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Balance Sheet & P & LVersion en ligne

par Andy Gold

The equity in the profits of a corporation that are kept in the corporation for operating, expansion, or other purposes.

Debts or obligations of a business that are to be fulfilled within one year or the normal operating cycle, whichever is longer. These obligations are fulfilled by giving current assets, rendering services, or replacing them with other current liabilities.

Net Sales – Costs of Goods Sold

Sales – (Sales Returns and Allowances + Sales Discounts)

Debts or obligations of a business that are not Current Liabilities.

Long-term assets, whose values are derived from some right or privilege associated with them, that do not have tangible characteristics of consequential value. (e.g. trademarks, patents, franchises).

Tangible long-term assets used in business operations.

Cash or other assets that are expected to be converted into cash or used in the generation of revenue within one year or the business’ normal operating cycle,whichever is longer.

Assets, usually long-term, that are owned by a business but not used in the primary operations of the business.

Gross Margin – Operating Expenses