1. 1 - Current Assets
2 - Fixed Assets
3 - Ficticious Assets
current assets
Non-current assets are those that a company intends to keep longer than 12 months. These include investments and fixed assets. Investments include items such as trading securities, avaialable-for-sale securities, and held-to-maturity securities. Fixed assets includes items such as buidlings, land, and equipment
Classified balance sheets generally subdivide its major categories into short-term and long-term parts. In a classified balance sheet, the assets section usually includes:Current Assets (or Short-Term Assets)Fixed Assets (or Long-Term Assets)Sometimes, additional sections may be included:Intangible Assets (may be included under current/fixed depending on the nature of the intangibles)"Other" Assets (any other assets that do not fall under the above, such as contingent assets)
i have four years of balance sheet and income statement and now want to prepare cash flow statement from assets
Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets
current assets
Non-current assets are those that a company intends to keep longer than 12 months. These include investments and fixed assets. Investments include items such as trading securities, avaialable-for-sale securities, and held-to-maturity securities. Fixed assets includes items such as buidlings, land, and equipment
Classified balance sheets generally subdivide its major categories into short-term and long-term parts. In a classified balance sheet, the assets section usually includes:Current Assets (or Short-Term Assets)Fixed Assets (or Long-Term Assets)Sometimes, additional sections may be included:Intangible Assets (may be included under current/fixed depending on the nature of the intangibles)"Other" Assets (any other assets that do not fall under the above, such as contingent assets)
3 assests of computer system -hardware -software -printer
It depends on if its for an individual or business. For an individual there is Chapter 7 and 13. In chapter 7 you will basically repay your debt at a reasonable amount to a trustee over the course of 5 years. In Chapter 13 your assets, (home car) are safe as long as you make the payments to the trustee. In Chapter 7 basically every debt is wiped out (but you'll take a big hit on your credit score) and your assets are not safe. A trustee can order your assets (car,home) to be sold to pay off your creditors.
A classified balance sheet is a balance sheet in which assets and liabilities are subdivided into current and long-term categories. soooo if that's a classified balance sheet an unclassified would have to be one that has its assets and liabilities and everything but they are not grouped further within themselves. Meaning that there is no order within assets as to which they are listed I suppose. **Note: I copied & pasted this answer from another website.
i have four years of balance sheet and income statement and now want to prepare cash flow statement from assets
Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets
Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.
Intangible Assets are not included in current assets. They are usually listed under Other Assets.
We can feel tangible asset,where as we cannot feel intangible asset
percentage of current assets to total assets