#cfa-level-1 #reading-23-financial-reporting-mechanics
Current assets are those that are expected to be consumed or converted into cash in the near future, typically one year or less.
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3.1. Financial Statement Elements and Accounts include the following: intangible assets, such as goodwill;3 property, plant, and equipment used in operations (e.g., land and buildings); other property held for investment, and investments in the securities of other companies.
<span>Current assets are those that are expected to be consumed or converted into cash in the near future, typically one year or less. Inventory is the unsold units of product on hand (sometimes referred to as inventory stock). Trade receivables (also referred to as commercial receivables , or simply accounts rec Summary
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