12:14 SmartBook Chapter 12 Question Completion Status: QUESTION 5 10 points Save Answer It is a good time to stop and revisit the definitions of these accounting variables on the asset side of the balance sheet. Match each of the following items with their definition or description. Each item may be matched with 1 or more descriptions. Fimm assets held A. Accruals in cash-like accounts, U.S. B. Retained Earnings Money Market C. Inventory Funds for D. Notes Payable example alents E. Long Term Liabilities Included in Current Assets Fixed Assets and is the most G. Accounts Payable liquid asset H. Cash and Cash Assets or Equivalents payments that the firm has not 1. Accounts Receivable yet received from their customers These might be received by the firm 30, 60, or 90 days in the future and depend on Supply Chain Contracts Assets expected to be used for more than one year Also called Long Term Assets, or in this class as Click Save and Submit to save and submit Chick Save All Answers to save all answers. Save All Answers Save and Submit 12:14 SmartBook Chapter 12 Question Completion Status: It is a good time to stop and revisit the definitions of these accounting variables on the asset side of the balance sheet. Match each of the following items with their definition or description. Each item may be matched with 1 or more descriptions. Firm assets held A. Accruals in cash-like B. Retained Earnings accounts, U.S. Money Market C. Inventory Funds for D. Notes Payable example alents E. Long Term Liabilities Included in Current Assets F. Fixed Assets and is the most G. Accounts Payable liquid asset H. Cash and Cash Assets or Equivalents payments that 1. Accounts Receivable the firm has not yet received from their customers These might be received by the firm 30, 60, or 90 days in the future and depend on Supply Chain Contracts Assets expected to be used for more than one year Also called Long Term Assets, or in this class as Property Plant and Equipment Click Save and Submit to save and submit. Click Save All Ansters to save all answers Save All Answers Save and Submit 12:14 SmartBook Chapter 12 Question Completion Status: Also called Long Term Assets, or in this class as Property Plant and Equipment (which we will treat as the only Long Term Asset) Products or services being helpd for sale (accounting treatments can vary) These items represent wages and taxes based on the current pay period but that haven't been paid out yet A form of short term debt usually through a financial intermediary (notice that in this class the term debt is different than the term liability) These are claims that need to be paid to the firm's suppliers for product or Services already Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit
