A document showing assets, liabilities, and equity

A document records the process of money moving into and out of a company

something a company owns

something the shareholders own

something a company owes

Which of the following is NOT an asset?

The costs associated with organizing and running a business, such as: rent, electricity and office salaries

the decrease of an asset’s value over a period of time

The costs associated with making the products that have been sold, such as: raw materials, labor, and factory expenses

Money that will be paid less than 12 months from the balance sheet date

Net Sales minus the Cost of Goods Sold equals

Gross Profit minus Operating Expenses is best defined as

The ability to sell an asset for cash

How well a business uses its assets

How easily a business can pay bills or debts when they are due

Consisting of cash and things that can be easily sold and converted into cash

When you issue share, the company has an ... of cash

When the company pays off its debt, it has an ... of cash

When the company sells its property, it has an ... of cash