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current and non-current assets paper Free Essay, Term Paper and Book Report

This paper will compare and contrast current and non - current assets. Making sure to address what current assets and non - current assets are and the differences between the two. Explained is the order of liquidity and how the order of liquidity applies to the balance sheet. After reading this paper, the reader will have a better understanding of current assets and non - current assets and know how the order of liquidity applies to the balance sheet. Assets are the things owned by a business or person that contains a value. These assets are then broken down into two categories current and non - current. What are current assets? Sometimes referred to as liquid assets, current assets are resources that are currently in the possession of the holder and could be converted into cash with a great deal of ease. Generally, these cash equivalents would demonstrate an ability to undergo this type of conversion within one calendar year or less from the current date. Just about every business and every household have resources that can reasonably be considered current assets. (WiseGeek, 2009) ......

Word Count: 654
Page Count: 2.6  (250 words a page / double spaced)

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