Explain the following elements of a balance sheet and give an example of each: a. Liquid assets
Question:
a. Liquid assets
b. Investment assets
c. Lifestyle assets
d. Current liabilities
e. Noncurrent liabilities
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For
Personal Finance An Integrated Planning Approach
ISBN: 978-0136063032
8th edition
Authors: Ralph R Frasca
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