Question: I need help distinguishing between which ones are current assets, intermediate assets, fixed assets, current liabilities, intermediate liabilities and long term liabilities. I know for
Land (present market value) Beef brood cows Bulls Checking account balance Account payable at Bill's Feed Store Horses (working) Cash on hand Wheat on hand Hay on hand Growing wheat Ranch mortgage - payment due 6/1/145 2,000 a 145 hea 2 head $8,200 $4,000 4 a, $1 $1,800 2,000 b 80 tons 300 acr $13,500 $604,0 $50,00 $26,50 100 he $7,000 95 hea $12,00 $4,000 $50,00 balance after payment Buildings &improvements Loan on feeder cattle (all due 3/1/15) Calves (to be sold this spring) Savings account Feeder cattle (to be sold in 40 days) Note at bank (all due 831/15) Truck Other machinery& equipment le 5/1/15 53000 Loan on beef cows-payment due 5/1/15$6,00 $55,00 $1,00 $2,00 $2,00 $600 $3,00 bal. after payment U.S. Savings bond (mkt. security) Past due real estate taxes Account receivable Saddles, tack, etc. Corporate stock (mkt. security)
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