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Current Assets (expected to be used/collected within one year)

- Cash

- Accounts Receivable

- Short-term Notes Receivables

- Merchandise Inventory

- Marketable Securities

Long-term Assets (expected to be used by the business for periods over one year)

- Equipment

- Factories/Plants

- Property/Land

- Long-term Notes Receivables

- Long-term investments

- Intangible Assets (patents, trademarks, goodwill)

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Zakary Gulgowski

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βˆ™ 2y ago
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Wiki User

βˆ™ 9y ago

Classification of assets is a way to put assets into groups based on common characteristics. Current and non current assets are two types of classifications. Other classifications include fixed assets, cash, inventory, and receivables.

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Q: What are the classifications of assets?
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