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  • Current Asset Investments Intangible Asset Tangible Asset

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    Aung Myo Thu
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    The document lists various types of assets and liabilities typically found on a company's balance sheet. Assets are categorized as current assets, noncurrent assets, intangible assets, and tangible assets. Common current assets include cash, accounts receivable, inventory, and marketable securities. Noncurrent assets include items like plant, land, and long-term investments. Liabilities are separated into current liabilities due within one year like accounts payable, and noncurrent liabilities like long-term debt and mortgages. Equity accounts such as retained earnings and share capital are also included.

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    The document lists various types of assets and liabilities typically found on a company's balance sheet. Assets are categorized as current assets, noncurrent assets, intangible assets, and tangible assets. Common current assets include cash, accounts receivable, inventory, and marketable securities. Noncurrent assets include items like plant, land, and long-term investments. Liabilities are separated into current liabilities due within one year like accounts payable, and noncurrent liabilities like long-term debt and mortgages. Equity accounts such as retained earnings and share capital are also included.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    10 views2 pages

    Current Asset Investments Intangible Asset Tangible Asset

    Uploaded by

    Aung Myo Thu
    The document lists various types of assets and liabilities typically found on a company's balance sheet. Assets are categorized as current assets, noncurrent assets, intangible assets, and tangible assets. Common current assets include cash, accounts receivable, inventory, and marketable securities. Noncurrent assets include items like plant, land, and long-term investments. Liabilities are separated into current liabilities due within one year like accounts payable, and noncurrent liabilities like long-term debt and mortgages. Equity accounts such as retained earnings and share capital are also included.

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    of 2

    Q 3-3

    Current Asset Investments Intangible asset Tangible asset


    Cash Long-term investments in stock Copyrights Land
    Inventories Goodwill Tools
    Prepaids Buildings
    Account receivable Machinery
    Marketable securities

    Q 3-15

    Current Asset Noncurrent Current Liability Noncurrent Equity Account


    Asset Liability
    Cash Plant Unearned Mortgage bonds Retain earnings
    Supplies Land subscription payable Preferred stock
    Notes receivables revenue Paid in capital
    Accounts receivables Accounts payable from sale of
    Prepaids rent Wages payable treasury stock
    Capital Unearned interest
    Marketable securities Tax accured
    Inventories
    P 3-2

    Asstes Liabilities
    Buildings 75000 Deferred income tax 24000
    liabilities
    Machinery and 300000 Long term debt 99870
    equipment
    Land 11000 Accounts payable 35000
    Cash 3000 Accumulated 200000
    depreciation
    Receivables less 58000 Accured income text 3000
    allowance
    Inventory 54000 Other accrued expands 8000
    Prepaid expands 2000 Current portion of long 7000
    term debt
    Other assets 7000 Share issue 3180
    Retained earning 129950

    Total 510000 Total 510000

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