Finance to developments
The Bank Holding Company Act of 1956 required bank holding companies to refrain from all nonbanking related operations
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.
percentage of current assets to total assets
We can feel tangible asset,where as we cannot feel intangible asset
Intangible assets are assets like other assets just they cannot be seen by eye or feel by hand but as they are assets they are included in assets and part of liability.
Intangible assets are those assets which are amortized as compared to tangible assets which are depreciated.
1. 1 - Current Assets 2 - Fixed Assets 3 - Ficticious Assets
fixed assets
There is no such thing as unexempt assets. They are called non-exempt assets, and they are assets that must be given up.