Indicate If the Account Is a Current Asset (CA), Long-Term

question 117

Essay

Indicate if the account is a current asset (CA), long-term asset (LTA), current liability (CL), long-term liability (LTL), or stockholders' equity(SE):
1. Long-term Investments ________
2. Equipment ________
3. Building ________
4. Prepaid Rent ________
5. Notes Payable due in 6 months ________
6. Salary Payable ________
7. Notes Payable due in 3 years ________
8. Goodwill ________
9. Interest Payable ________
10. Accounts Receivable ________
11. Current Portion of Long-term Debt ________
12. Additional Paid-in Capital ________
13. Retained Earnings ________

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Definitions:

Information Power

Information power is the access to and/or the control of information.

Positive Valence

A term used in psychology to describe the attractive or desirable nature of a stimulus, which influences a person’s motivation to pursue or engage in it.

Negative Valence

The negative emotional charge or undesirable assessment associated with a thought, event, or stimulus.

Money Orders

A payment order for a pre-specified amount of money, often used as a safer alternative to cash or personal checks.