Accounting
Subsequent events
Subsequent events Occurs after the fiscal year-end but before the statements are issued.
Summary of significant accounting policies
Summary of significant accounting policies Important to a user in comparing financial information across companies.
Working capital
Working capital Current assets minus current liabilities.
Current liabilities
Current liabilities Important to a user in comparing financial information across companies.
Operating cycle
Operating cycle Period of time from payment of cash to collection of cash.
Current assets
Current assets Items expected to be converted to cash or consumed within one year or the operating cycle, whichever is longer.
Listed below are several terms and phrases associated with the balance sheet and financial disclosures. Pair each item from List A (by letter) with the item from List B that is most appropriately associated with it.
Listed below are several terms and phrases associated with the balance sheet and financial disclosures. Pair each item from List A (by letter) with the item from List B that is most appropriately associated with it. Balance Sheet An organized array of assets, liabilities, and equity.
Employee benefit plans.
Employee benefit plans. in a separate disclosure note