Key terms and concepts

What is the meaning of each words?

1. Lien
2. Report format (balance sheet)
3. Account format (balance sheet)
4. Current assets
5. Liquidity
6. Restricted cash
7. Shortterm investments
8. Marketable security
9. Net receivables
10. Allowance for doubtful accounts
11. Inventory
12. Operating equipment
13. Prepaid expenses
14. Noncurrent receivables
15. Securities
16. Fair market value
17. Goodwill Amortized
18. Sinking fund
19. Preopening expenses
20. Total assets (balance sheet)
21. Notes to the financial statements
22. Current liabilities
23. Longterm debt
24. Common stock
25. Par value
26. Paid in capital
27. Preferred stock
28. Inflation
29. Deflation
30. Current dollar accounting