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What are the five types of Assets?
- 1. Current Assets
- 2. Long Term Investments
- 3. Property, Plant and Equipment
- 4. Intangible Assets
- 5. Other Assets
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What Are Current Assets?
Current Assets are cash and other assets a company expects to convert into cash, sell , or consume in one year or opearting cycle, whichever is longer
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What are examples of Current Assets?
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What are the three types of Short-term investments?
The three types are:Held-to-maturity, Trading, Available-for-sale
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What are long-term investments?
Long-term investments are ofen referred to as investments:bonds, common stock, long term notes, land not used in operations, sinking fund, or nonconsolidated subsidiaries.
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What are intangible assets?
Intangible Assets lack physical substance and are patents, copyrights, franchises, goodwill, trademarks.
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What is goodwill?
The name recognition of the company
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What are other assets?
- Doesnt fit in other sections
- GAAP created asset, 1. Pension asset, 2. Deferred Tax Asset
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What are the two types of Liabilities?
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What are Current Liabilities?
Company expects to liquidate through the use of current assets
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What are long-term Liabilities?
Does not expect to liquidate within the normal operating cycle.
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What are the types of Long Term Liabilities?
1. Long term notes payable- 2. Bonds Payable
- 3. Gaap created, Pension LIAB, deferred LIAB, L/T lease LIAB
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How is Stockholder's Equity Split up?
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