Asset, Liabilities, Profit, Expenses Flashcards
1
Q
accounts payable
A
liability
2
Q
accounts receivable
A
asset
3
Q
accrued expenses
A
expense
4
Q
accumulated depreciation
A
negative asset (on buildings and equipment)
5
Q
buildings and equipment
A
asset
6
Q
cash
A
asset
7
Q
common stock
A
liability
8
Q
cost of goods sold (COGS)
A
income
9
Q
depreciation expense
A
expense
10
Q
dividends paid
A
expense
11
Q
earnings before tax
A
EBT = OP or EBIT - Interest exp
12
Q
general and admin expenses
A
expense
13
Q
gross profit
A
GP = sales - cogs
14
Q
interest expense
A
expense
15
Q
inventory
A
asset
