Balance Sheet
It is the Balance Sheet category that represents things that are owned
What are assets?
It is generally found on the top line of an income statement
What are sales, fees earned, service revenue?
You can buy lots of drugs - legally - at this Deerfield-based pharmacy chain.
What is Walgreens?
It is the Balance Sheet category that represents things that are owed
What are liabilities?
It is generally found on the bottom line of an income statement.
What are net income, net earnings, net profit?
Long-time employees of this airplane manufacturer probably miss being near the original Starbucks.
What is Boeing?
Total $ amounts of assets must equal the total $ amounts of liabilities + this.
What is owner's equity?
It is sales minus cost of goods sold.
What is gross profit?
About 2 years ago, being a customer of this airline was a real drag, man!
What is United?
An assets book value is its original cost minus its this.
What is accumulated depreciation?
It is a period's asset cost minus residual value, divided by years of useful life.
What is depreciation expense?
This company moved to Oprah's old digs so maybe you get a burger, you get a burger, everyone gets a burger!!!
What is McDonald's?
Patents and trademarks are considered this kind of asset.
What is intangible?
In the allowance method it is recognized with a debit when the allowance for DA is adjusted or set up.
What is bad dept expense?
This company hopes to catch up to Wall Street earnings expectations
What is Kraft-Heinz?