Following are terms related to the balance sheet. Match each definition with its related term by selecting the appropriate terms in the drop down menu. Terms Definitions Nearness of assets to cash in time). Liabilities expected to be paid out of current assets normally within the next year. All liabilities not classified as current liabilities. Total assets minus total liabilities. Probable future economic benefits owned by the entity from past transactions. Debts or obligations from past transactions to be paid with assets or services. Assets expected to be collected in cash within one year or the operating cycle, if longer. Assets that do not have physical substance. Balance of the Common Stock account divided by the par value per share. A miscellaneous category of assets. Sum of the annual depreciation expense on an asset from its acquisition to the current date. Asset offset account (subtracted from asset). Accumulated earnings minus accumulated dividends. Property, plant, and equipment, less accumulated depreciation. Same as carrying value; cost less accumulated depreciation to date. Amount of contributed capital less the par value of the stock. The average cash-to-cash time involved in the operations of the business