1.Define each term and interpret it for the company is the increase or decrease good or bad 1a. Assets: Current, Cash, Receivables, Inventory, Non-current, PP&E, Equity, Goodwill, Intangible Assets 1b. Liabilities & Equity: Liabilities,Current A/P, Deferred revenues, Non-current, Long-term debt, Deferred taxes/liabilities 1c. Equity: Common stock, Retained earnings, AOCI