Also known as the "Long-term Assets"

Retained Earning can be found under _____________.

Cash in Bank is classified as

Account Receivable is classified as

Accumulated Depreciation

Allowance for Bad Debts

Furniture and Fixtures

Select three examples of an asset?

Current liabilities are short-term debts. The money owed must be paid back within one year.

Long-term liabilities are debts paid back over a long period of time.

is the ability of the entity to meet currently maturing obligations.

short-term highly liquid investments that are readily convertible into known amount of cash and which are subject to an insignificant risk of changes in value

an investment normally qualifies as a cash equivalent only when it has a short maturity of __________ from the date of acquisition

Equity securities cannot qualify as cash equivalent because shares do not have a date of maturity

When the normal operating cycle is not clearly identifiable, the duration is assumed to be ____________.

is an identifiable nonmonetary asset without physical substance