FIN 335 UNCW Exam One Questions
and Answers| Updated
What does the balance sheet have on the left side?
Total Value of Assets
=Current Assets and Fixed Assets (Tangible and Intangible)
Current asset definition
assets that are to convert to cash within a year
Examples of Current Assets
A/R
Inventory
Cash
What is a tangible asset?
Something you can put your arms around and touch
intangible assets are
, patents and goodwill
What is on the right side of the balance sheet?
Total value of liabilities and shareholders equity =
Current liabilities, long term debt and shareholders equity
Current Liabilities
converted to cash before one year
examples of current liabilities are
A/P
Notes Payable
Current assets minus current liabilities is net working capital
net working capital
Where you raise the money is on the what and what you do with the money is
on the what
right hand side
left hand side
and Answers| Updated
What does the balance sheet have on the left side?
Total Value of Assets
=Current Assets and Fixed Assets (Tangible and Intangible)
Current asset definition
assets that are to convert to cash within a year
Examples of Current Assets
A/R
Inventory
Cash
What is a tangible asset?
Something you can put your arms around and touch
intangible assets are
, patents and goodwill
What is on the right side of the balance sheet?
Total value of liabilities and shareholders equity =
Current liabilities, long term debt and shareholders equity
Current Liabilities
converted to cash before one year
examples of current liabilities are
A/P
Notes Payable
Current assets minus current liabilities is net working capital
net working capital
Where you raise the money is on the what and what you do with the money is
on the what
right hand side
left hand side
