Following are terms related to the balance sheet. Match each definition with its related term by selecting the appropriate letter in the drop down menu.

                           

Terms		Definitions
— (1)	Capital in excess	A. Nearness of assets to cash (in time).
	of par	B. Liabilities expected to be paid out of current assets normally
— (2)	Assets	within the next year.
— (3)	Shareholders’ equity	C. All liabilities not classified as current liabilities.
— (4)	Book value	D. Total assets minus total liabilities.
— (5)	Other assets	E. Probable future economic benefits owned by the entity from
— (6)	Shares outstanding	past transactions.
— (7)	Retained earnings	F. Debts or obligations from past transactions to be paid with
— (8)	Liquidity	assets or services.
— (9)	Normal operating	G. Assets expected to be collected in cash within one year or
	Cycle	operating cycle, if longer.
— (10)	Current assets	H. Asset offset account (subtracted from asset).
— (11)	Current liabilities	I. Balance of the Common Stock account divided by the par
— (12)	Long-term liabilities	value per share.
— (13)	Fixed assets	J. A miscellaneous category of assets.
— (14)	Liabilities	K. Sum of the annual depreciation expense on an asset from its
— (15)	Contra-asset account	acquisition to the current date.
— (16)	Accumulated depreciation	L. Assets that do not have physical substance.
— (17)	Intangible assets	M. Accumulated earnings minus accumulated dividends.
		N. Property, plant, and equipment.
		O. Same as carrying value; cost less accumulated depreciation to
		date.
		P. Amount of contributed capital less the par value of the stock.
		Q. The average cash-to-cash time involved in the operations of
		the business.
		R. None of the above.

Answer rating: 100% (QA)

AN DNea mess 5 Liquidity gasseh to cayh intime liabilifie upected to be paid out o 2 urren t current ... View the full answer