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FABM > Part 2 asset > Flashcards

Part 2 asset Flashcards

1
Q

Describes money

A

Cash

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2
Q

Stocks and bonds

A

Marketable securities

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3
Q

Transaction on credit

A

Accounts receivable

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4
Q

Transaction with promissory notes

A

Notes receivables

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5
Q

Assets of the company held for sale

A

Inventories

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6
Q

Advance payments

A

Prepaid expenses

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7
Q

Deducted from account

A

Contra asset account

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8
Q

-Non-current asset
-Tangible or intangible
-More than a year
-Not very liquid

A

Land, building, vehicles, equipment, furniture/fixtures, goodwill/copyrights/franchises

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FABM (9 decks)

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