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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
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
What are examples of Current Assets?
What are the three types of Short-term investments?
The three types are:Held-to-maturity, Trading, Available-for-sale
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.
What are intangible assets?
Intangible Assets lack physical substance and are patents, copyrights, franchises, goodwill, trademarks.
What is goodwill?
The name recognition of the company
What are other assets?
- Doesnt fit in other sections
- GAAP created asset, 1. Pension asset, 2. Deferred Tax Asset
What are the two types of Liabilities?
What are Current Liabilities?
Company expects to liquidate through the use of current assets
What are long-term Liabilities?
Does not expect to liquidate within the normal operating cycle.
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
How is Stockholder's Equity Split up?