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:A current asset, also called a short-term asset, is a resource expected to be used to benefit a company within a year or the current accounting period. Hence, these resources are short-term in nature and will be sold, collected, or used up in a 12-month period. ...
A noncurrent asset is an asset that is not expected to turn to cash within one year of date shown on a company’s balance sheet. (This assumes that the company has an operating cycle of less than one year.) A noncurrent asset is also known as a long-term asset. Noncurrent assets ...
Companies have assets and liabilities, the difference between the two is the amount of owner's equity. Assets are classified as current assets and...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough ...
What if the period of converting assets is more than one year, is it not considered a current asset? What about investments instead of cash? Or what if I have loans? Are these counted when calculating total current assets? Byysmina— On Feb 08, 2011 ...
What is Current Capital? What is a Current Ratio? Discussion Comments ByMrMoody— On Jul 13, 2011 When I worked in telecommunications, the company that I worked for was facing serious financial challenges. It had extremely high long term debt and some of the notes were becoming payable in ...
What is the asset equal to? A、Assets = Liabilities + Shareholders’ equity B、Assets = Current asserts + net fixed assets C、Assets = Current liabilities + Long-term debt + Shareholders’ equity D、Assets = Current asserts + net fixed assets + Current liabilities + Long-term debt + Shareh...
What is the asset equal to? A、liabilities + equity B、current liabilities + long-term debt C、shareholder’s equality D、current assets + current liabilities 点击查看答案&解析手机看题 你可能感兴趣的试题 单项选择题 弗洛伊德的人格结构中“现实中的我”指( ) A、本我 B、自我 C、超我 D、...
Current Assets is always the first account listed in a company's balance sheet under the Assets section. It is comprised of sub-accounts that make up the Current Assets account.1For example, Apple, Inc. lists several sub-accounts under Current Assets that combine to make up total current as...
A permanent current asset is a minimum amount of current assets a company needs to continue operations.