This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the difference between current assets and fixed assets? What will be an ideal ... (Read 69 times)

tth

  • Hero Member
  • *****
  • Posts: 579
on: Jul 26, 2018
What is the difference between current assets and fixed assets?
 
  What will be an ideal response?

Question 2

How is a balance sheet organized and what is it used for?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

at

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jul 26, 2018
Answer to Question 1

Current assets are non-depreciable assets, such as cash, accounts receivable, and inventory. Fixed assets are depreciable assets that will be retained for longer than one year.

Answer to Question 2

A balance sheet is used to show the company assets, company liabilities, and owners' equity on a specific date. The owners' equity is determined by subtracting the company's liabilities from its assets.


tth

  • Member
  • Posts: 579
Reply 2 on: Jul 26, 2018
YES! Correct, THANKS for helping me on my review

juliaf

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

When the exhaust is lean, the PCM applies a positive current into the pump cell. When the exhaust is lean, the PCM applies a positive current into the pump cell.
A current model for protein secretion by prokaryotes A current model for protein secretion by prokaryotes
Current and future trends and impacts (IPCC) Current and future trends and impacts (IPCC)
Gulf Stream/North Atlantic Current Gulf Stream/North Atlantic Current
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
What is the current in Figure 16-1(b) if the diode is made of silicon and the polarity of the ... What is the current in Figure 16-1(b) if the diode is made of silicon and the polarity of the ...
Video: Mechanisms for chromosome movement Animation

For a complete list of videos, visit our video library