Beruflich Dokumente
Kultur Dokumente
GRADUATE SCHOOL
Balance Sheet
Assets Liabilities
Current Assets
- Goods that have already been produced and can be sold quickly without disrupting future
production activities:
Grain
Feeder livestock
Other inventories
- Goods that will ordinarily be used up or sold within the next year:
Cash
Checking and savings account balances
Marketable investments
Accounts and notes receivable
Inventories of feed, farm supplies, etc.
Noncurrent Assets
Liabilities
- Financial obligation that will become due and payable within 1 year
Accounts payable
Principal and accumulated interest on short term loans or notes payable (operating
loan)
Principal payments on long-term loans due within the next year:
-machinery, land
Accrued expenses:
- Accumulated interest, accrued property taxes, etc.
Noncurrent liabilities
- All obligations that don’t have to be paid in full within the next year.
-The remaining balance on long-term debt.
Owner Equity
- The amount of money left for the owner if the assets were sold and all liabilities paid.
- Also called Net Worth.
- The owner’s current investment in the business
Cash Equivalents
Operating Activities
Investing Activities
Financing Activities