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Balance Sheet Component Matching Exercise: Strictly Confidential

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111 views

Balance Sheet Component Matching Exercise: Strictly Confidential

Uploaded by

anjali shilpa kajal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Balance Sheet Component Matching Exercise Strictly Confidential

Table of Contents
#VALUE!

Notes
This Excel model is for educational purposes only and should not be used for any other reason.
All content is Copyright material of CFI Education Inc.
https://corporatefinanceinstitute.com/

© 2019 CFI Education Inc.


All rights reserved.  The contents of this publication, including but not limited to all written material, content layout, images, formulas, and code, are protected under international copyright and trademark laws.  
No part of this publication may be modified, manipulated, reproduced, distributed, or transmitted in any form by any means, including photocopying, recording, or other electronic or mechanical methods,
© Corporate Finance Institute. All rights reserved. 
Balance Sheet Component Matching Exercise
A company has the following balance sheet accounts:

Account Description
Accounts receivable
Income taxes payable
Long-term debt
Contingencies
Property, plant & equipment
Inventory
Current portion of capital lease obligation
Cash and equivalents
Common shares/stock
Current portion of long-term debt
Goodwill
Deferred income tax assets (expected to reverse in 12 months)
Unearned revenue
Accounts payable
Retained earnings
Intangible assets
Capital lease obligation
Accrued liabilities
Prepaid expenses
Preferred shares/stock

Requirements:

Part I. Provide a brief description of what each account contains.

Part II. Using the attached template, place the accounts in the appropriate place on the balance sheet.

Balance Sheet
Assets Liabilities
Current assets: Current liabilities:
Accounts receivable Current portion of capital lease obligation
Income taxes payable Unearned revenue
Inventory Account payable
Cash and equivalents Retained earnings
Prepaid expenses Capital lease obligation
Total current assets Accrued liabilities
Total current liabilities
Non-current assets:
Property, plant & equipment Non-current liabilities:
Goodwill Long-term debt
Intangible assets Contingencies
Total non-current assets Current portion of long-term debt
Total non-current liabilities

Shareholders' equity
Common shares/stock
Preferred shares/stock

Total assets Total liabilities and shareholders' equity


the balance sheet.

al lease obligation
areholders' equity
Accounts receivable

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