Assertion: balance sheet's asset | /r/HasProperty | current liabilities
Facets:
Source sentences:
text: Thus, fixed assets + (current assets – current liabilities) = long-term capital (‘net worth’).
text: It lists out the current assets and the liabilities that the business owes that needs to be paid currently.
text: Cash or other assets that are convertible into money and exhausted within a short period, one year or less from the date of the balance sheet are called current assets.
text: The assets that can be converted into cash within a period of one year or less are current assets.
text: The assets which remain with the entity for more than a year are non-current assets.
text: An asset is considered current if it can reasonably be converted into cash within one year.
text: Although the term fixed assets is typically considered a company's PP&E, the assets are also referred to as non-current assets, meaning they're long-term assets.
text: Even more immediately applicable is the current ratio: current assets / current liabilities.
text: Working capital = current assets – current liabilities
text: A classified balance sheet reports the current assets in a section that is separate from the long-term assets.
text: Those assets that convert quickly into cash, usually within one year of the balance sheet's creation, are called current assets.