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yes work in process is current account and shows inventory of those items which are in process of manufacturing in factory.
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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.
When would Permanent current assets not be a factor in a manager's decision making process?
When they are long term in nature
Are investments current assets?
If investments made for short term securities then it is current assets other wise non-current assets.
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.
What the difference between current assets vs total assets?
Current assets are assets include assets that will converted into cash or consumed in the current operating period while total assets include all assets regardless of when they will be converted to cash or consumed.
Which part of balance sheet is Work in Process WIP recorded?
That would be just under stock in current assets.
How does current assets and current liabilities work together?
Current liabilities are the source of creating creating current assets. Current assets bring in cash to meet the current liability. Thus they represent the short term sources and short term uses.
What are net current assets?
Formula for net current assets :net current assets = current assets - current liabilities
What is the difference between current assets vs total assets?
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
What are permanent current assets?
Permanent current assets are current assets that are replaced with like assets within one year.
How do you find the percentage of current assets to total assets?
percentage of current assets to total assets
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.
Fixed assets to current asset ratio?
fixed assets / current assets
Is accounts receivable a current or non current assets?
Current assets
When Permanent current assets are not a factor in a manager's decision making process?
long term in nature
Sam reported total assets of 1903000 and non current assets of 894410 He also reported a current ration of 1.60 What amount of current liabilities did he report?
Current assets = total assets - long term assets Current assets = 1903000 - 894410 Current assets = 1008590 Current ratio = 1.6 Current ratio formula = Current asset / Current liabilities 1.6 = 1008590 / Current liabilities Current liabilities = 1008590 / 1.6 Current liability = 630369
Are intangible assets included in current assets?
Intangible Assets are not included in current assets. They are usually listed under Other Assets.
