![]() What is: current assets or liabilities will be used up or paid within the year? Back to Boardħ Trans-x Analysis - $100 The name given to any exchange or event that has a direct economic effect on the assets, liabilities, or shareholders’ equity of a business. What is Contributed Capital? Back to BoardĦ All about the BS - $500 The key factor that differentiates between current and long-term assets and current and long-term liabilities. What is a Classified Balance Sheet? Back to Boardĥ All about the BS - $400 Account representing the amount contributed by the shareholders. What is the Cash account? Back to BoardĤ All about the BS - $300 A balance sheet that separates assets and liabilities into current and long-term categories. What is Assets = Liabilities + Shareholders’ Equity? Back to Boardģ All about the BS - $200 The account used to report currency, bank account balances, and other “near-cash” assets owned by the company. Presentation on theme: "It’s All About the BS Trans-x Analysis To Debit or to Credit…"- Presentation transcript:ġ It’s All About the BS Trans-x Analysis To Debit or to Credit… Other Terms Review Potpourri $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500Ģ All about the BS - $100 The equation used for the Balance Sheet.
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