Question: Classify the following as Fixed Assets, Current Assets, Current Liabilities, or Loans in a software company. Company laptops used by developers. Clients owe money to
Classify the following as Fixed Assets, Current Assets,
Current Liabilities, or Loans in a software company.
Company laptops used by developers.
Clients owe money to the company for completed software services.
Salaries owed to staff that have not yet been paid.
A bank loan was taken to expand the company's office space.
Office building where the company operates.
Outstanding payments owed to suppliers for cloud storage services.
Cash that is available in the company's bank account.
A loan taken to purchase highend servers for app development.
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