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How do you convert noncurrent assets into assets?
since noncurrent assets are fixed assets and current asset are business properties tend to be used within a years period example machinery a business can put their properties on sale example they can rent them out as hire purchasing from them the business gets money
What accounts the assts division should contain?
2 main typrs of assets : A- Current Assets B- nonCurrent Assets Current assets include Cash and any other items which can convert to cash within one year , Examples of Current assets are Cash , Acc. Rec. , Inventory , Prepaid Expenses NonCurrent Assets : items can't be easily Converted into Cash & will use for extended period of time B-NonCurrent Assets include 1-Fixed Assets " Tangible Assets " : Land, building , office furniture , vehicle ... 2- Intangible Assets : GoodWill , Patent , Trademark... 3- Long Term Investment : Bonds, Security & notes
Where would the purchase on noncurrent assets be reported in the statement of cash flows?
Purchase of fixed asset is shown under cash flows from investing activities as an outflow of cash because purchase of assets is an investing activity and it causes reduction of cash flow.
Are accounts payableand notes payable listed under current-noncurrent classification?
Accounts payables are listed in current assets because normally creditors are paid within short term time period.
How do you calculate return on assets?
Net Income divided by Average Total Assets
How do you calculate net income from assets and liBILITIES?
assets - liabilities = owners equity.
Return on net operating assets calculation?
How do I calculate the return on operating assets?
How do you calculate CAPEX?
CAPEX means capital expenditures. You locate total assets and calculate the change, then local liabilities and subtract the change in liabilities from the change in assets.
Is bonds payable a noncurrent liability?
no, it is current liability
How do you calculate the net asset ratio?
Net Asset Ratio = Total Net Assets/Total Assets
What is the noncurrent-carrying wiring devices industry?
The noncurrent-carrying wiring devices industry is made up of companies that primarily manufacture hardware used to support electrical systems
How would you determine whether an asset is current asset or noncurrent asset?
I am taking a course in Accounting, and I was taught that an asset is current if it will be used up within one year. Long-term assets are those that last over 12 months.
