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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)
Zakary Gulgowski
Wiki User
∙ 9y agoClassification 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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What are the two classifications of assets?
current & non-current
What are the five classifications of accounts?
Assets, Liabilities, Equity, Income, Expense
What classifications of accounts are shown in the balance sheet section of a worksheet?
sales and expenses
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what are the classifications of food industry/
What can you claim when you file bankruptcy?
You MUST disclose ALL your assets and ALL your financial debts/liabilities. Not doing so can be prosecuted as criminal fraud...and will almost always have your BK case dismissed, and other very bad consequences. All of your assets and liabilities are given priorities and classifications by the Court...some may be classified as exempt or excluded.
What kind of classifications suffer from problems of convergent and parallel evolution?
Phenetic classifications
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The two classifications of critical information are unclassified and classified.
What are racial classifications?
Racial classifications are groups of physical characteristics. The 3 most common racial classifications, going by bone structures, are Caucasoid, African, and Asiatic.
Name and describe 2 classifications of wood?
The two classifications of wood are hardwood and softwood.
How does the US fit government classifications?
How are governments classified? How does the U.S. government fit into these classifications?
What are 2 classifications of books?
Two simple classifications of books are fiction and non-fiction.
What are the two classifications of critical information?
The two classifications of critical information are unclassified and classified.
