Privett Company Accounts payable Accounts receivable Accrued liabilities Cash Intangible $30,000 35,000 7,000 25,000

Q: What is the classification of long term assets? Explain them.

A: Long-term assets: Long – term assets are those assets that are generally held by a company for more…

Q: Define Asset turnover.

A: Ratio analysis  It is the financial analysis tool for measuring the profitability, liquidity,…

Q: Which assets are included in the definition of current assets?

A: Current asset refers to the asset which can be easily converted to cash with a year. Current assets…

Q: Define the term nonmonetary assets.

A: Assets: These are the resources owned and controlled by business and used to produce benefits for…

Q: What is the difference between experience versus assets with an example?

A: Experience and assets are both important components of an individual or organization, but they have…

Q: would the return on as

A: Return on Assets is net income divided by the average total assets

Q: what should be reported as total assets

A: In a Merger, The purchasing entity acquires all the assets and liabilities of the dispersing…

Q: What are fictional assets, and how do they work?

A: Asset is such resources that has future benefits. It has two types:- tañgible , intangible.…

Q: Explain how to determine the cost of an asset.

A:

Q: What are the various current assets? Name them.

A: Current assets are assets which are expected to be realised or converted to cash within one year…