Babson ACC 1000 Quiz 1 Balance Sheet & Income Statement flashcards

Cash and Equivalents

Balance Sheet, Current Asset

Accounts Receivable

Balance Sheet, Current Asset

Inventory

Balance sheet, current asset

Prepaid Expense

Balance Sheet, current asset

Property

Balance sheet, non current asset

Plant Asset

Balance sheet, non current asset

Equipment

balance sheet, non current asset

Identifiable Intangible asset

balance sheet, non current asset

Goodwill

balance sheet, non current asset

Accounts payable

Balance sheet, current liability

Accrued Liabilities

balance sheet, current liability

Income tax payable

balance sheet, current liability

Long term debt

balance sheet, non current liability

Operating leave liability

balance sheet, current liability

Operating lease liabilities

Balance sheet, non current liability

Common Stock

Balance sheet, stockholder equity

Retained Earnings

Balance sheet, stockholder equity

Revenues

Income Statement

Cost of Revenue

Income Statement

Gross Profit

Income Statement

Operating Expenses

Income Statement

General and Administrative

Income Statement

Sales

Income Statement

Income tax expense

income statement

Marketing and Sales expense

Income statement

Research and Devlopment

Income Statement

Operating Income

Income Statement

Interest and Other income expense

Income Statement

Income before taxes

Income statement

Net income

income statement