Here is the current asset section from our sample balance sheets: Within thecurrent asset sectionof the balance sheet, we usually see amounts for the following: Cash and cash equivalents Short-term investments Accounts receivable – net Other receivables ...
A.Current asset section of the balance sheet.B.Intangible asset section of the balance sheet.C.Non-current section of the balance sheet called long-term investments.D.Plant assets section of the balance sheet.E.Equity section of the balance sheet.相关...
Acurrent assetis cash or assets that are seen as possible to withdraw/liquidate within the next year. These are positioned at the beginning of thebalance sheet, and include the following accounts: Cash and equivalents Inventories Short and long-term investments Prepaid expenses Accounts receivable No...
Definition: A current asset, also called a current account, is either cash or a resource that are expected to be converted into cash within one year.
As we have shown, equipment is not a current asset. Current assets are short-term, and generate cash, whereas Equipment constitutes any technological means that are of long-term use for that business’s operations. They’re listed under the “non-current asset” section of the balance sheet,...
The unadjusted stockholders’ equity section shows a total of $500,000. However, analysis of the current asset section of the balance sheet reveals that Mag has incorrectly classified $75,000 of treasury stock as a current asset. Although this account has a debit balance, it is not an asset...
What is the difference between securitization and asset reconstruction? Explain how a classified balance sheet can help Adrien know what bills are due when, and whether he has the resources to pay those bills What are the main categories of short-term liabilities? What is meant by...
Q1. Is accumulated depreciation a non-current asset? Answer:Yes, accumulated depreciation is a non-current asset and we report it on the balance sheet under the heading of Property, Plant, and Equipment (PPE). It shows the amount of depreciation charged against an asset since it got acquired...
2. Notes ReceivableNotes receivable is an account to record the written certificates of credit sales issued by customers. As long as notes receivable is expected to be collected back within one year, it’s classified as a current asset in the balance sheet. Both notes receivable and accounts ...
If current assets are those which can be converted to cash within one year, non-current assets are those which cannot be converted within one year. On a balance sheet, you might find some of the same asset accounts under Current Assets and Non-Current Assets. This is because those same ty...