Account_Classification

Account_Classificati - (KeyConcept Assets Liabilities StockholdersEquity( Revenues Expenses Definition Definition Examples Examples Definition

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(Key Concept) Assets Definition Examples Liabilities Definition Examples Stockholders’ Equity (aka Shareholders’ Equity) Definition Examples Revenues Definition Examples Expenses Definition Examples Definition of Assets Economic resources owned by a business that are expected to provide future benefit Examples of Assets Cash Short-term Investments Marketable Securities Accounts Receivable Notes Receivable Fees Receivable Inventory Supplies Prepaid Expenses Investment in Dell Stock Investment in IBM Bonds Long-Term Notes Receivable Investment in Land Land Building* Equipment* Vehicles* Patent Copyright Trademark Franchise *Accumulated Depreciation (a contra-asset) Definition of Liabilities Present obligations of a business to pay cash, transfer assets or provide services to other entities  in the future. Examples of Liabilities
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This note was uploaded on 04/12/2011 for the course ACCT 1310 taught by Professor Vickivorrell during the Spring '07 term at Cuyahoga CC.

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Account_Classificati - (KeyConcept Assets Liabilities StockholdersEquity( Revenues Expenses Definition Definition Examples Examples Definition

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