In Part A, match each asset to its definition from the drop-down list. In Part B, match each liability or equity to its definition from the drop-down list:

costs such as rent and insurance that may be paid in advance Part A cash or cash equivalents Cash acquisition value of assets required to support the firm Marketable Securities may include trademarks, patents and goodwill Accounts Receivable goods and materials the firm has on hand Inventories adjustments to values of assets due to aging Prepaid Expenses excess cash can be invested into these highly liquid instruments Property, Plant, and Equipment cash or cash equivalents Accumulated Depreciation Intangible Assets represents credit sales that have not yet been collected money the firm keeps for future growth in excess of dividends paid out Part B Accounts Payable bank loans or bonds issued to outside investors that extend beyond one year's duration Short-Term Notes Payable money the firm owes its customers due to purchases made on credit Accrued Liabilities short term loans of less than a year Long-Term Debt residual value of the firm Preferred Stock hybrid security that has characteristics of both debt and equity Common Stock Retained Earnings expenses the firm owes that have not yet been paid Total Common Equity represents ownership stake in the firm