Title: financial statements

Essay Details

Subject: Business
Author: Warren P
Date: January 18, 2011
Level: University
Grade: A
Length: 2 / 448
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

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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