Chapter12: Nonrecognition Transactions
Section: Chapter Questions
Problem 5DQ
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Question
What is nonoperating current assets?
Expert Solution
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Step 1
Non-operating current asset:
It could be a type of current resources or assets that are not basic to an enterprise's progressing operations but may still produce pay or return on investment (ROI).
Step 2
These current resources are listed alongside their working resources or assets on a firm's balance sheet, and may or may not be broken out independently.
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