Question: After reading through the content on Fixed Assets, Create your own Thread and post a response to the following: A first-year accounting student is confused
After reading through the content on Fixed Assets, Create your own Thread and post a response to the following: A first-year accounting student is confused by a statement made in a recent class. Her instructor stated that the assets listed in the balance sheet of the HP Corporation include computers that are classified as current assets, as well as computers that are classified as long-term assets. 1. Explain the differences between current and long-term assets. 2. Explain to the student why HP would have computers listed in both current and long-term assets 3. Do you think the Balance Sheet is an important financial statement? Why? See attached rubric for allocation of points. Students must post their responses before they can see what other classmates have posted. You must reply to at least two other discussion posts. Ask open ended questions to engage one another in conversation. Initial Posts are due by 11:59pm on Wednesday and responses are due by 11:59pm the following Sunday night. Moda 19.1
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