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Assets are generally listed based on how quickly they will be converted into cash. Current assets are things a company expects to convert to cash within one year. A good example is inventory. Most companies expect to sell their inventory for cash within one year. Noncurrent assets are things a company does not expect to convert to cash within one year or that would take longer than one year to sell. Noncurrent assets include fixed assets. Fixed assets are those assets used to operate the business but that are not available for sale, such as trucks, office furniture and other property.The assets are listed generally depends on how quickly they will be converted to cash. The company's turnover assets expected to be converted to cash within one year. A good example is the inventory. Most companies are expected to sell their goods in cash within one year. Noncurrent assets are things that the company does not expect to be converted to cash within one year or whether it will take over a year to sell. Noncurrent assets, including fixed assets fixed assets are assets that are used in business operations, but that may not be available for sale, such as trucks, Office furniture, and other possessions.
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