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Is common stock a current asset?
If a common stock of other entity is purchased with the intentions to resale in current fiscal period then it is current asset. Otherwise, if it is purchased with the intention to retain for more than one fiscal year then it is long term asset.
Difference between net worth and working capital?
Working Capital is the difference between Current Assets and Current Liabilities.Net Worth is Total Assets -Total Liabilities current asset-current Liability=Working Capital working Capital Plus+Fixed Asset-LongTerm Liabilities = Net Worth in another word: (Current Asset+Fixed Asset)-(current Liability+Long Term Liability)= Net Worth Now you got it ?
Is it possible for the current asset valuation issues to occur also with long-term assets?
no
Increased use of long-term financing is generally a more conservative approach to current asset financing?
yes this is a true statement
Is a long term loan repayable in 6 years a non current asset or non current liability?
It is a loan repayable. Hence it is a liability. As the liability is for more than one year, it is non current liability.
Is common stock a current asset?
If a common stock of other entity is purchased with the intentions to resale in current fiscal period then it is current asset. Otherwise, if it is purchased with the intention to retain for more than one fiscal year then it is long term asset.
Is common stock an asset or liability?
If a common stock of other entity is purchased with the intentions to resale in current fiscal period then it is current asset. Otherwise, if it is purchased with the intention to retain for more than one fiscal year then it is long term asset.
Is a certificate of deposit a current or fixed asset?
Certificate of deposit if purchased for one year then current asset otherwise long term asset.
Is a derivative asset a current asset?
A derivative asset can be classified as a current asset if it is expected to be settled or converted into cash within one year or within the operating cycle of the business, whichever is longer. Common examples include options and futures contracts that are held for trading purposes. However, if a derivative asset is intended for long-term investment or hedging, it may be classified as a non-current asset. The classification ultimately depends on the intent and timing of the asset's settlement.
What is an example of a current asset?
Current Assets are assets that are considered to be liquidated easily. Cash is considered a current asset because of that reason, it is cash. Anything that can be turned into cash quickly is considered a current asset. Accounts receivable is also a current asset, while a Note Receivable is considered (non) or more appropriately, a "long-term" asset.
Is long term investment is fixed assets?
Long term investment is non-current asset but if there is maturity in different dates then that portion which is going to mature in current fiscal year then it is current asset and remaining portion is non-current.
Sundry creditor is a -------------- 1.current liability 2.long term liability 3.current asset. 4.fixed asset.?
Sundry creditor is current liability.
what is a example of an asset?
Current Assets are assets that are considered to be liquidated easily. Cash is considered a current asset because of that reason, it is cash. Anything that can be turned into cash quickly is considered a current asset. Accounts receivable is also a current asset, while a Note Receivable is considered (non) or more appropriately, a "long-term" asset.
Is a savings account an current assets?
if saving account for more than one fiscal year then it is long term asset otherwise current asset.
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.
Is notes recievable a liability?
Notes receivable is an asset. Receivables are an asset in the fact that it's something another person or company owes you. Depending on how long the "note" is for, will dictate whether or not the Note Receivable is a current asset or long term asset. If the note is to be paid in full in one year (or less) or one accounting period it is considered a current asset, otherwise it's long term.
What is an example of assets?
Current Assets are assets that are considered to be liquidated easily. Cash is considered a current asset because of that reason, it is cash. Anything that can be turned into cash quickly is considered a current asset. Accounts receivable is also a current asset, while a Note Receivable is considered (non) or more appropriately, a "long-term" asset.
