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Balance Sheet Classifications
Balance Sheet Classifications Matching
48
Accounting
Undergraduate 3
09/17/2012

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Cards

Term
Preferred Stock
Definition
Stockholders' Equity
Term
Salaries and Wages Payable
Definition
Current Liabilities
Term
Accounts Payable
Definition
Current Liabilities
Term
Buildings
Definition
Property Plant and Equipment
Term
Equity Investment (trading)
Definition
Current Assets
Term
Current Portion of Long Term Debt
Definition
Current Liabilities
Term
Premium on Bond payable due in 2013 (on balance sheet reported Dec 31, 2012)
Definition
Current Liabilities
Term
Allowance for doubtful accounts
Definition
Current Assets (Contra)
Term
Accounts receivable
Definition
Current assets
Term
Cash surrender value of life insurance
Definition
Other long term assets
Term
Notes payable (due within 12 months)
Definition
Current liabilities
Term
supplies
Definition
current assets
Term
common stock
Definition
stockholders' equity
Term
Land under the corporate headquarters
Definition
property plant and equipment
Term
bond sinking fund
Definition
other long term assets
Term
inventory
Definition
current assets
Term
prepaid insurance
Definition
current assets
Term
bonds payable
Definition
long term liabilities
Term
income tax payable
Definition
current liabilities
Term
rental revenues for three months collected in advance
Definition
current liabilities
Term
land used as plant site
Definition
property plant and equipment
Term
accrued interest on note payable
Definition
current or long term liabilities (depending on the length of the note)
Term
premium on preferred stock issued
Definition
stockholders' equity
Term
dividends in arrears on preferred stock
Definition
Notes to financial statements
Term
petty cash fund
Definition
current assets
Term
discount on bonds payable due in 2015
Definition
long term liabilities (contra)
Term
common stock at par value
Definition
stockholders' equity
Term
bond indenture covenants
Definition
notes to financial statements (covenants are conditions)
Term
accumulated depreciation
Definition
property plant and equipment (contra)
Term
natural resource - timberlands
Definition
property plant and equipment
Term
defecit (no net income earned since beginning of company0
Definition
Stockholders' equity (contra)
Term
Goodwill arising from business purchase
Definition
intangible assets
Term
90 day notes payable
Definition
current liabilities
Term
investment in bonds of another company; will be held to 2015 maturity
Definition
other long term assets
Term
land held for speculation
Definition
other long term assets
Term
death of company president
Definition
not reported on balance sheet
Term
current maturity of bonds payable
Definition
current liabilities
Term
investment in subsidiary; no plans to sell in near future
Definition
other long term assets
Term
trade accounts payable
Definition
current liabilities
Term
preferred stock ($10 par)
Definition
stockholders' equity
Term
Prepaid rent for the next 12 months
Definition
current assets
Term
copyright
Definition
intangible assets
Term
patents
Definition
intangible assets
Term
accumulated amortization, patents
Definition
intangible assets (contra)
Term
accumulated other comprehensive income
Definition
Stockholders' equity
Term
earnings not distributed to shareholders
Definition
stockholders' equity (this is the same as retained earnings)
Term
accrued interest on note receivable
Definition
Current assets
Term
fully depreciated machinery, still in use
Definition
property plant and equipment
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