Which assets are included in the definition of current assets?

Q: t Assets and Non-

A: The current assets are given as,

Q: Define assets and types of assets.

A: Assets: An asset is a resource controlled by the enterprise as a result of past events and from…

Q: Describe term net asset value (NAV)?

A: Net asset value (NAV): It describes an entity's net worth, which is measured as the complete value…

Q: Under IFRS regarding Financial Assets, which of the following is true?

A: a) If we hold debt until it matures and only to get cash flow from it, we can measure the debt at…

Q: Difference between current assets and current liabilities.

A: Current assets are those assets which can be realized within short term period or less than one year…

Q: How do you calculate book value as it relates to fixed assets?

A: Book Value is the cost of carrying an asset on a company's balance sheet.

Q: What is return on assets(roa)?

A: In general terms, ROA is similar to  Return on Investment.

Q: WHAT IS CONTRACTUAL LIFE OF ASSETS?

A: An asset is a resource of economic value which is own by an individual and a company and provides…

Q: Define current assets and list the typical asset categories included in this classification.

A:

Q: What is non current assets ?

A: Current assets means those assets which will be converted in to cash in near future generally one…

Q: Describe classifications of long term assets.

A: Long-term assets: Long – term assets are those assets that are generally held by a company for more…

Q: The book value of an asset is computed as the asset's _____.

A: The assets can be defined as fixed assets and current assets.

Q: Define the term net assets.

A: Net assets: The net assets are the difference between the total assets and the total liabilities of…

Q: Discuss the rationale of using total assets as a basic in determining materiality.

A: The concept of materiality is fundamental to the entire audit process and is applied by auditor.  1.…

Q: What are Fixed assets?

A: The assets are classified as current assets and fixed assets. The current assets are the assets…

Q: In what way do current assets and fixed assets differ from each other?

A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…

Q: What is permanent operating current assets?

A: Current assets: A current asset is a corporation's cash and its other assets that are anticipated to…

Q: What are the Required disclosures about each major class of capital assets?

A: Capital asset refers to the assets with a longer useful life i.e. more than a year and is not…

Q: What are the various current assets? Name them.

A: Current assets are assets which are expected to be realised or converted to cash within one year…

Q: What is the Total assets?

A: Computation of Adjusted  Assets  Particulars                                                Revised…

Q: Define a financial asset

A: A contractual financial instrument is classified into financial assets and liabilities. They are an…

Q: what is the group or composite life of the assets?

A: 1. Composite rate = ( Total Depreciation per year / Total Cost ) x 100 2. Composite life = Total…

Q: Determine the Total Assets value

A: Assets show the company's balance and the valuable resource controlled by the company. Assets can be…

Q: WHAT IS TOTAL CURRENT ASSETS?

A: The current assets are the assets that can bw converted into cash within one year.

Q: What are the various types of long term assets? Name them.

A: Definition: Long-term assets are the assets which are intended to be held for a longer period of…

Q: Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant…

A: Current assets are assets held for less than 12 months  Current liabilities are obligations that…

Q: what is current assets

A: Assets are the resources that a firm or an individual owns at a particular time. Assets are created…

Q: What is Total assets ?

A: Assets are all kinds of resources owned by a person, company, or organization that help to generate…

Q: Analyze the rate ofreturn on assets

A: Accounting ratio:   It is a number expressed in terms of another to establish relationship among…

Q: Under what two conditions should investments be classified as current assets?

A: The investments should be classified as short–term investments if it satisfy the following…

Q: Find the net book value of assets

A: Net book value of an asset is the value of an asset in the books of company after deducting the…

Q: how would make the non-performing assets into a performing one.

A: The concept of non-performing assets (NPA) is widely used in the management of financial assets in…

Q: Define current assets. What basis is used for arranging individual items within the current assets…

A: The question is based on the concept of Accounting theory

Q: what the meaning of current assets ratio?

A: Assets are the rights and resources being held by the business. Assets that are either in cash or…

Q: Explain how long-lived assets are reported and analyzed.

A: Introduction:- long-lived assets means any asset which is expected to be used or hold more than one…

Q: What is a current asset?

A: Assets: These are the resources owned and controlled by business and used to produce benefits for…

Q: Describe the terms of Contingent Assets with examples.

A: Contingent Asset are the assets which have not yet been realized, but they may realize upon…

Q: Which of the following assets have definite physical share or identity and existence? [A]…

A: Assets:   These are the resources owned and controlled by business and used to produce benefits for…

Q: Define the term financial assets.

A: Financial Assets: Financial assets are referred to as assets that occur from contractual agreements…

Q: What are the various types of short term assets? Name them.

A: Short-term assets: Short-term assets are current assets whose benefit can be benefited within a…

Q: Define Long-lived assets

A: Assets are something that contain some value or its has some future benefits. The assets can be, a.…

Q: Where do current assets and current liabilities come from?

A: Current Assets = Cash + Supplies + Prepaid Insurance Current Liabilities = Creditors + Salary…