Define each of the following terms:
c. Permanent operating current assets; temporary operating current assets
It is considered as items that appear on the balance sheet that are either cash or will be cash sooner in the future. The current assets area of a balance sheet means that total cash flows and liquidity. The assets are normally recorded in line by liquidity, or the measure of time that it will be considered to become cash.
Permanent operating current assets are the current operating assets required even at the low purpose of trade cycles. For a growing firm, in an exceedingly growing economy, permanent current assets tend to extend over time. These types of assets are the base measure of current assets essential by the business to easily maintain its present business tasks.
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