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financial statements
Essay specific features
Written by:
Craig B
Date added:
January 24, 2013
Level:
University
Grade:
A
No of pages / words:
2 / 448
Was viewed:
10378 times
Rating of current essay:
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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