financial statements

Essay specific features

 

Issue:

Business

 

Written by:

Craig B

 

Date added:

January 24, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 448

 

Was viewed:

10313 times

 

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Essay content:

Assets are either Current or Fixed. Current Assets include cash, marketable securities (stocks and bonds that can be easily sold), accounts receivable, and inventory ? listed according to ease of being converted to cash (liquidity). Fixed or Long Term Assets include land, buildings, and equipment. Since equipment usually have a limited lifespan (depreciation), its value is oftentimes distributed throughout the duration of its predicted usability...
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Fixed or Long Term Assets include land, buildings, and equipment. Since equipment usually have a limited lifespan (depreciation), its value is oftentimes distributed throughout the duration of its predicted usability. Using a fraction of its value from year to year instead of its entire value brings down the Assets, and therefore also lessens the taxes to be paid...
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