answersLogoWhite

0

Another term for "current" is "flow," especially when referring to the movement of electric charge or fluid. In a more general context, "present" can also be used to denote something happening now. Additionally, in the context of trends or events, "contemporary" may serve as a synonym.

User Avatar

AnswerBot

1mo ago

What else can I help you with?

Continue Learning about Accounting

Is investment considered as current asset?

No investments in other business are normally for long term basis. If investments are for long term then long term assets otherwise current assets.


Is short term debt the same as current liabilities?

Current liabilities are liabilities that are due within 12 months. Short term debt is a current liability. However, there are other current liabilities. For example, taxes payable, interest payable, wages payable, accounts payable. Therefore, short term debt is not the same as current liabilities. (Short term debt is a current liability, but not all current liabilities are short term debt.)


A firms long term assets equals 75000 total assets equals 200000 inventory equals 25000 and current liabilities equals 50000?

Assets: Inventory 25000 Other current assets 100000 Long term assets 75000 Total assets 200000 Liabilities: Current liabilities 50000 Long term liabilities 150000


Current maturities of long-term debt?

Current maturities of long term debt means that portion of debt which is payable in current fiscal year.


Can you identify 6 items that under different circumstances could be classified as either current or non current?

Certainly! Items such as cash, inventory, and accounts receivable are typically classified as current assets, but under certain circumstances, such as being held for long-term investment, they can be considered non-current. Conversely, property, plant, and equipment are generally non-current assets, but if they are held for sale in the short term, they can be classified as current. Other examples include short-term investments (current) that may be reclassified as non-current if held longer, and prepaid expenses (current) that may not be utilized within a year, thus becoming non-current.

Related Questions

Are investments current assets or other assets?

If investments are for short term then these are current assets but if these are for long term then non-current assets.


What does current term mean?

Term in office. 4 years for president. The current term is the current 4 year period but is used for school semesters and other periods described as a "term".


Is investment considered as current asset?

No investments in other business are normally for long term basis. If investments are for long term then long term assets otherwise current assets.


Is short term debt the same as current liabilities?

Current liabilities are liabilities that are due within 12 months. Short term debt is a current liability. However, there are other current liabilities. For example, taxes payable, interest payable, wages payable, accounts payable. Therefore, short term debt is not the same as current liabilities. (Short term debt is a current liability, but not all current liabilities are short term debt.)


Are investments current assets?

If investments made for short term securities then it is current assets other wise non-current assets.


What disease is the v58.69?

Long-term (current) use of other medications


Are the 'term loans' current assets or fixed assets?

if loans given for short term period then current assets but if given for long term then non-current assets.


A firms long term assets equals 75000 total assets equals 200000 inventory equals 25000 and current liabilities equals 50000?

Assets: Inventory 25000 Other current assets 100000 Long term assets 75000 Total assets 200000 Liabilities: Current liabilities 50000 Long term liabilities 150000


What is the current portion of long-term debt classified?

The current portion of long-term debt is classified with the ____


Current maturities of long-term debt?

Current maturities of long term debt means that portion of debt which is payable in current fiscal year.


Can you identify 6 items that under different circumstances could be classified as either current or non current?

Certainly! Items such as cash, inventory, and accounts receivable are typically classified as current assets, but under certain circumstances, such as being held for long-term investment, they can be considered non-current. Conversely, property, plant, and equipment are generally non-current assets, but if they are held for sale in the short term, they can be classified as current. Other examples include short-term investments (current) that may be reclassified as non-current if held longer, and prepaid expenses (current) that may not be utilized within a year, thus becoming non-current.


What is the current portion of long-term debt classified with?

Current portion of long term loan is classified as current liability and shown under current liability section of balance sheet.