What type of account?
Cash
What is a current asset?
Land
What is the balance sheet?
Items expected to be sold soon in the core operations of the company
What is inventory?
Selling products to customers
What is an operating activity?
The basic accounting equation
What is A=L+SE?
Retained Earnings
What is stockholders' equity?
Selling Expense
What is the income statement?
An expense that the company must pay, but that it has not yet been billed for
What is an accrued expense?
Issuing bonds
What is a financing activity?
The formula for stockholders' equity
Deferred Revenue
What is a current liability?
Common stock
What are the balance sheet and statement of stockholders' equity?
Something that the company owns and plans to use for more than one year
What is a long term asset?
Paying taxes
What is an operating activity?
The formula for retained earnings
What is BBRE+NI-Div.=EBRE?
Building
What is a long term asset?
Cash
What are the balance sheet and statement of cash flows?
Revenue that the company has collected, but not yet earned by providing a good or service
What is deferred revenue?
Buying stock in another company
What is an investing activity?
The formula for net income
What is Rev.-Exp=NI?
Accrued Expense
What is a current liability?
Deferred Revenue
What is the balance sheet?
An expense that a company has paid for, but has not yet used
Buying a piece of equipment
What is an investing activity?
The formula for total change in cash
What is cash flows from operating activities+ cash flows from financing activities+ cash flows from investing activities?