Cash and those assets likely to be converted to cash or used to benefit the entity within one year of the balance sheet date.

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a. Accumulated depreciation b. Balance sheet c. Accrued liabilities d. Current assets e. Current liabilities f. Merchandise inventory g. Revenues h. Expenses i. Gains j. Losses k. Net sales 1. Cost of goods sold m. Gross profit n. Income from operations o. Net income p. Earnings per share of common stock q. Paid-in capital r. Common stock s. Additional paid-in capital t. Retained earnings u. Dividends v. Par value w. Going concern concept x. Matching concept y. Accrual concept z. Opportunity cost aa. Annual report bb. Income statement