Exam 3 Accounting Current vs Noncurrent

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Module 6, 7, 8

23 Terms

1
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Cash

Current asset

2
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Accounts receivable

Current asset

3
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Inventory

Current asset

4
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Supplies

Current asset

5
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Prepaid Insurance

Current asset

6
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Property and equipment

Noncurrent asset

7
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Land

Noncurrent asset

8
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Long-term investments

Noncurrent asset

9
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Accounts payable

Current liability

10
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Accrued wages payable

Current liability

11
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Taxes payable

Current liability

12
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Unearned Revenue

Current liability

13
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Notes payable due in over 1 year

Noncurrent liability

14
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Common stock

Stockholders' equity

15
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Additional paid-in capital

Stockholders' equity

16
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Retained earnings

Stockholders' equity

17
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18
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19
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20
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21
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22
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23
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