Balance Sheet & P & L

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(15)

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

Estados Unidos

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Relacionar Columnas Balance Sheet & P & LVersión en línea Match the key terms descriptions to the Balance Sheet and Income Statement classifications por Andy Gold 1 Tangible long-term assets used in business operations. 2 Debts or obligations of a business that are not Current Liabilities. 3 Assets, usually long-term, that are owned by a business but not used in the primary operations of the business. 4 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. 5 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). 6 Sales – (Sales Returns and Allowances + Sales Discounts) 7 The equity in the profits of a corporation that are kept in the corporation for operating, expansion, or other purposes. 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 Gross Margin – Operating Expenses 10 Net Sales – Costs of Goods Sold Long Term Liabilities Current Liabilities Plant, Property, and Equipment Gross Profit Retained Earnings Current Assets Investments Income from Operations Net Sales Intangible Assets

Relacionar Columnas

Balance Sheet & P & LVersión en línea

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

por Andy Gold

Tangible long-term assets used in business operations.

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

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

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.

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).

Sales – (Sales Returns and Allowances + Sales Discounts)

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

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.

Gross Margin – Operating Expenses

Net Sales – Costs of Goods Sold

Long Term Liabilities

Current Liabilities

Plant, Property, and Equipment

Gross Profit

Retained Earnings

Current Assets

Investments

Income from Operations

Net Sales

Intangible Assets

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Balance Sheet & P & LVersión en línea

por Andy Gold

Tangible long-term assets used in business operations.

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

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

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.

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).

Sales – (Sales Returns and Allowances + Sales Discounts)

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

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.

Gross Margin – Operating Expenses

Net Sales – Costs of Goods Sold