TERM 1
Intangible Assets
DEFINITION 1
Intangible asset is an asset that lacks physical substance and
usually is very hard to evaluate. It includes patents,
copyrights, franchises, goodwill, trademarks, trade names.
TERM 2
Long Term Investment 4 Types:
DEFINITION 2
Investment in SecuritiesInvestments in tangible fixed assets
not currently used in operationsInvestment set aside in
special funds Investments in non-consolidated subsidiaries
TERM 3
Stockholders' Equity
DEFINITION 3
Capital StockAdditional Paid-in-CapitalRetained
EarningsAccumulated other comprehensive IncomeTreasury
StockNon-controlling interest
TERM 4
Current Assets
DEFINITION 4
Convert to cash, use, consume, or sell in one year or
operating cycle, whichever is longer. Presented in order of
liquidityExamples: cash, receivables, inventories, prepaid
expenses
TERM 5
Balance Sheet Form:
DEFINITION 5
Account & Report Form
