FAR Unit 1 Flashcards by Ashley Eure

Q

Current Asset or Noncurrent Asset

Accounts Receivable

A

Current

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Q

Current Liabilities or Noncurrent Liabilities

Bonds Payable

A

Noncurrent

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Q

Current Liabilities or Noncurrent Liabilities

Discount on Bonds Payable

A

Noncurrent

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Q

Current Liabilities or Noncurrent Liabilities

Accounts Payable

A

Current

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Q

Current Liabilities or Noncurrent Liabilities

Income Tax Payable

A

Current

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Q

Current Asset or Noncurrent Asset

Inventory

A

Current

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Q

Current Asset or Noncurrent Asset

Prepaid Insurance

A

Current

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Q

Current Asset or Noncurrent Asset

Investments

A

Noncurrent

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Q

Current Liabilities or Noncurrent Liabilities

Interest Payble

A

Current

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Q

Current Asset or Noncurrent Asset

Cash

A

Current

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Q

Current Liabilities or Noncurrent Liabilities

Note Payable

A

Can be both

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Q

Current Asset or Noncurrent Asset

Allowance for Doubtful Accounts

A

Current

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