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Essay

financial statements

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Issue:

Miscellaneous

 

Written by:

Eva K

 

Date added:

May 5, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 935

 

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4294 times

 

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Essay content:

Current assets include: cash, accounts receivable, marketable securities, notes receivable, inventory, and prepaid assets. Fixed assets are things like buildings, land and equipment. Fixed assets are often much lower than the market value. Liabilities are a portion of the assets that are owed to creditors...
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There are short-term liabilities and long-term liabilities. Short-term liabilities are also known as current liabilities. These liabilities are accounts payable, notes payable, interest payable, wages payable, and taxes payable. Long-term liabilities are also known as non-current liabilities. These liabilities are mortgages payable and bonds payable...
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