Accountancy, asked by ranaabdullah6744, 2 months ago

what is p.Stevens total current assets?​

Answers

Answered by brainlygirl8793
1

 \huge{\red{heyya \: mate}}

Current assets are all the assets of a company that are expected to be sold or used as a result of standard business operations over the next year. Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets.

Current assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Marketable Securities + Prepaid Expenses.

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Answered by gayatrikumari99sl
0

Complete question:

What is total current assets

Answer:

                                   Total current assets

  • Any asset that can be reasonably expected to be sold, consumed, or expended through regular business operations within the current fiscal year, operational cycle, or financial year is considered a current asset.
  • On a company's balance statement, total current assets are the sum of all cash, receivables, prepaid expenses, and inventory.
  • The total of all cash, receivables, prepaid expenses, and inventory listed on a company's balance sheet is known as total current assets.

Current assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Marketable Securities + Prepaid Expenses.

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