Current Assets: Definition, Formula and Examples
Investments are classified as noncurrent only if they are not expected to turn into unrestricted cash within the next 12 months of the balance sheet date. Property, plant, and equipment—which may also https://www.bookstime.com/articles/bookkeeping-and-payroll-services be called fixed assets—encompass land, buildings, and machinery (including vehicles). Investors need to be clear about whether a capital gain is on…