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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

How are current assets distinguished from fixed assets?

Summary Introduction

To determine: The ways current assets differentiated from fixed assets.

Introduction: Fixed assets are the long terms resources or assets which are obtained by the entity for the intention of long-term use and to create income. A current asset alludes to those assets which an organization claims for being exchanged and are held for not longer than one year.

Explanation

The ways current assets differentiated from fixed assets are as follows:

  • Current assets are money or different assets that can be immediately changed over to money or that will be utilized inside a year...

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