Difference between current & long-term assets and liabilities

May 5th, 2015
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Difference between current assets and current liabilities and long-term assets and long-term liabilities with examples for the clear and better understanding of the students.

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Question: Understand the difference between current and long-term assets and long-term assets and liabilities?Answer: Current Assets: Current assets are cash and other resources that are reasonably expected to b realized in cash or sold or consumed within one year of the balance sh

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