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what is non current assets and liabilities????
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Explanation:
- Current assets are assets that are expected to be converted to cash within a year.
- Noncurrent assets are those that are considered long-term, where their full value won't be recognized until at least a year.
- Current assets include items such as accounts receivable and inventory, while noncurrent assets are land and goodwill.
- Noncurrent liabilities are financial obligations that are not due within a year, such as long-term debt.
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