Balance Sheet & P & L

Relier Colonnes

(5)

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

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balance sheet match

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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 Assets, usually long-term, that are owned by a business but not used in the primary operations of the business. 2 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). 3 The equity in the profits of a corporation that are kept in the corporation for operating, expansion, or other purposes. 4 Gross Margin – Operating Expenses 5 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. 6 Tangible long-term assets used in business operations. 7 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. 8 Sales – (Sales Returns and Allowances + Sales Discounts) 9 Net Sales – Costs of Goods Sold 10 Debts or obligations of a business that are not Current Liabilities. Net Sales Current Assets Intangible Assets Long Term Liabilities Gross Profit Current Liabilities Plant, Property, and Equipment Investments Retained Earnings Income from Operations

Relier Pairs

Balance Sheet & P & LVersion en ligne

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

par Andy Gold

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

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).

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

Gross Margin – Operating Expenses

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.

Tangible long-term assets used in business operations.

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.

Sales – (Sales Returns and Allowances + Sales Discounts)

Net Sales – Costs of Goods Sold

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

Net Sales

Current Assets

Intangible Assets

Long Term Liabilities

Gross Profit

Current Liabilities

Plant, Property, and Equipment

Investments

Retained Earnings

Income from Operations

Balance Sheet & P & L

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Balance Sheet & P & L

Relier Colonnes

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Relier Pairs

Balance Sheet & P & LVersion en ligne

par Andy Gold

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

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).

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

Gross Margin – Operating Expenses

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.

Tangible long-term assets used in business operations.

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.

Sales – (Sales Returns and Allowances + Sales Discounts)

Net Sales – Costs of Goods Sold

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