Explain the difference between current, fixed, and intangible assets. Give two examples of each of these types of assets?


3 Answers

Bilal Hussain Profile
Bilal Hussain answered
Current assets are the item that can be converted to cash within one year. They include account receivable and current inventory a company have.

Fixed assets are long-term assets that are relatively permanent such as land and buildings.

Intangible assets are long-term assets that have no physical form but do have value. Patents and copyrights are the example of intangible assets.
Anonymous Profile
Anonymous answered
Go take your own final and stop asking others to do it for you

Answer Question