Define other current assets
WebApr 27, 2024 · Current assets are a representation of assets including cash and objects that will be converted into liquid assets within 12 months. These assets can include: Cash and cash equivalents: The total amount of cash on hand. Cash equivalents refer to short-term, high-quality investments, including certificates of deposit (CDs) and commercial … WebFor all other current assets, S-X 5-02 (8) requires any amounts in excess of 5% of total current assets to be separately disclosed on the balance sheet or in a footnote. For …
Define other current assets
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WebOther Current Assets means all current assets of the Business other than Accounts Receivable, prepaid Taxes and prepaid expenses relating to any Income Tax Liability, to … WebNov 9, 2024 · Other current assets is a default classification of "current asset" general ledger accounts. It does not include cash, marketable securities, accounts receivable, …
WebMar 4, 2024 · Current assets are short-term, liquid assets that are expected to be converted to cash within one fiscal year. These assets include cash and cash equivalents, marketable securities, accounts receivable, inventory and supplies, prepaid expenses, and other liquid assets. Non-current assets, however, are long-term holdings that are … WebOther current assets include any other assets held by the Company, which can be converted to cash in one year but cannot be classified under the above categories. …
WebSep 4, 2024 · Current assets are expected to be consumed within one year, and commonly include the following line items: Cash and cash equivalents. Marketable securities. Prepaid expenses. Accounts receivable. Inventory. Types of Non-Current Assets. Non-current assets are also known as long-term assets, and are expected to continue to be … WebNov 26, 2024 · Other assets is a grouping of accountsthat is listed as a separate line item in the assetssection of the balance sheet. This line item contains minor assets that do not …
WebMar 4, 2024 · Other Current Assets: Percentage of sales, growth percentage, fixed amount, or increasing amount Accounts Payable : Accounts Payable Days Other current liabilities: Percentage of sales, growth percentage, fixed amount, increasing amount
WebOther current assets are listed under the assets side of the firm’s balance sheet. Other current assets are characterized as uncommon or insignificant. Other current assets … briarcliff church kansas city moWebMar 13, 2024 · An alternative expression of this concept is short-term vs. long-term assets. 1. Current Assets. Current assets are assets that can be easily converted into cash and cash equivalents (typically within a … couture house rentalsWebSep 23, 2024 · Current assets are assets that a company expects to use or turn into cash within a year. Cash, short-term investments, accounts receivable, inventory, and supplies are common examples. A company's ... couture jewelry show las vegasWebJul 21, 2024 · Key takeaways. Current assets represent a business's cash and other assets that may be turned into cash within one year. Current assets can include cash, inventory and any accounts receivable in the business’s possession. Current assets differ from long-term assets which outline a company's assets that may not be turned to cash … briarcliff cleaners drycleaningWebApr 11, 2024 · Current assets are assets that are expected to be converted to cash within a year. 1 Noncurrent assets are those that are considered long-term, where their full value won't be recognized... couture lollipop refillsWebMar 17, 2024 · Current assets are assets that are expected to be converted into cash within a period of one year. This includes products sold for cash and resources consumed during regular business operations … briarcliff cliffside park njOther current assets (OCA) is a category of things of value that a company owns, benefits from, or uses to generate income that can be converted into cash within one business cycle. Theyare referred to as “other” because they are uncommon or insignificant, unlike typical current asset items such as cash, … See more Assets are broken down on the balance sheet as either fixed assets or current assets. Fixed assets are typically long-term tangible pieces of property, such as buildings, computer … See more For the quarter ending March 31, 2024, Microsoft Corp. (MSFT) recorded total assets of $263.28 billion on its balance sheet. Of this total, 61% were attributed to current assets. As … See more Microsoft did not provide a clearer breakdown of its other current assets (OCA) in its latest 10-Qand 10-K statements. Because they represent a limited source of … See more couture lingerie