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Each item may be matched with 1 or more descriptions. Will rate when answer is posted! Thank you! Firm assets held in cash-like accounts, U.S.

Each item may be matched with 1 or more descriptions. Will rate when answer is posted! Thank you!

Firm assets held in cash-like accounts, U.S. Money Market Funds for example alents

Included in Current Assets and is the most liquid asset

Assets or payments that 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 (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 received and are based on supply chain contracting

This represent borrowing longer than one year and is the firm's long-term debt

This variable combined with long term debt equals the firm's Total Debt in this class (See section 3-2A)

Accumulated profit that has not been paid out to shareholders

A.

Inventory

B.

Fixed Assets

C.

Notes Payable

D.

Long Term Liabilities

E.

Accounts Payable

F.

Accounts Receivable

G.

Retained Earnings

H.

Accruals

I.

Cash and Cash Equivalents

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