How do u calculate for total assets?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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How do u calculate for total assets?

 

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Introduction:

Assets are resources owned by the company that is expected to generate future economic benefits. Total assets are the sum of non-current and current assets, and this total should equal the same total liabilities plus stockholders' equity. An asset is a resource with economic value that a person, corporation, or country controls or owns with the expectation of future benefit. They are divided into four categories: current, fixed, economic, and intangible. They are purchased or created in order to increase the value of a company or to benefit its operations.

 
 
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