What Does Current Asset Mean? Contents[show] The most common current assets arecash,accounts receivable,inventory, and prepaid expenses. These are all resources that a company can use in the current period to purchase new assets, pay debts and expenses, or convert into cash. ...
Log In Sign Up Subjects Business Accounting Asset What does total assets mean?Question:What does total assets mean?Total Assets:Businesses have different kinds of assets and they parse them into categories like long-term and current assets, liquid assets, intangible assets. Each of these ...
百度试题 结果1 题目What is the basic accounting equation? A. Assets = Liabilities + Equity B. Assets = Liabilities - Equity C. Assets + Equity = Liabilities D. Liabilities = Assets - E. quity 相关知识点: 试题来源: 解析 A 反馈 收藏 ...
结果1 题目What is the basic accounting equation? A. Assets = Liabilities + Equity B. Revenue – Expenses = Net Income C. Assets = Liabilities – Equity D. Liabilities = Assets – E. quity 相关知识点: 试题来源: 解析 A 反馈 收藏 ...
A) Assets = Liabilities + Equity B) Assets + Liabilities = Equity C) Assets = Revenue - Expenses D) Liabilities = Assets + Equity 6. Which of the following is NOT a chara...
A current asset is a company’s cash and its other assets that are expected to be converted to cash within one year of the date appearing in the heading of the company’s balance sheet. However, if a company has an operating cycle that is longer than one year, an asset that is expect...
Definition of Assets In accounting and bookkeeping, a company’s assets can be defined as: Resources or things of value that are owned by a company as the result of company transactions Prepaid expenses that have not yet been used up or have not yet expired Costs that have a future value...
What are a firm's current assets?Assets and Liabilities:Every corporation must follow standard accounting practices and produce regular financial statements that summarize its assets, liabilities and the owner's equity. Assets have economic value and can be turned into cash at some point....
The generally accepted accounting principles (GAAP) define an asset as impaired when its fair value is lower than its book value. To check an asset for impairment, the total profit, cash flow, or other benefit expected to be generated by the asset is compared with its current book value. I...
Current assets are liquid assets, meaning they can easily be converted to cash within a year. These include cash orcash equivalents, inventory, and marketable securities among others. These assets let businesses pay their short-term debts and liabilities and fund day-to-day operations. Noncur...