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Liabilities and Assets (assets of organization (property, plant and…
Liabilities and Assets
a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide a future benefit
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assets of organization
current assets
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assets that could be convertedf to cash, used up, sold withing 1 year of less
held for only a short time with the intention of turning them into cash in the ordinary course of business
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property, plant and equipment, or fixed assets
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intangible assets
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copyrights, goodwill, trademarks
liabilities
defined as a company's legal financial debts or obligations that arise during the course of business operations
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Equity
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represents the amount of money that would be returned to shareholders if all of the assets were liquidated and all of the company's debt was paid off
is an important metric in determining the return being generated versus total amount invested by equity investors