financial statements

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Title: financial statements

Essay Details:

Subject: Miscellaneous

Author: Clarissa O

Date: April 11, 2014

Level: University

Grade: A

Length: 4 / 935

Essay text:

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. 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...

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