Balancing Sheet Format

Question 0

Current Assets i) to iv)

ordered by liquidity

Answer 0

i) Cash
ii) Accounts Receivable
iii) Inventory
iv) Prepaid Assets

Question 1

Assets 1st/2nd?

Answer 1

1st in following order

1) Current Assets (benefits w/in next year)
- Ordered by liquidity (how readily asset converted cash)
2) Non-Current Assets

Question 2

Non-Current Assets i) to ii)

Answer 2

i) Tangible Assets (property, plant & equipment)

ii) Intangible Assets (software, TM’s, goodwill)

Question 3

Liabilities & SE 1st/2nd?

Answer 3

2nd

1) Current Liabilities (obligations w/in next year pay)
- Ordered by liquidity

2) Non-Current Liabilities (due greater than year)
3) Stockholders’ Equity

Question 4

Current Liabilities i) to iii)

- Ordered by liquidity

Answer 4

i) Bank Borrowings
ii) Accounts Payable & other payables
iii) Deferred Revenues & other non-cash

Question 5

Non-Current Liabilities i) to ii)

Answer 5

i) Bank borrowings & bonds

ii) Other types Liabilities (deferred taxes, pensions)

Question 6

Stockholders Equity i) to ii)?

Answer 6

i) Contributed Capital (common stock, additional paid-in capital, treasury stock)
ii) Retained Earnings