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Business Praxis 5101 - Accounting/Finance and Communications/Career Development
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6
June 2024
2023/2024
A+
fixed asset asset that is used to generate profit. It will not be turned into cash within the year. Ex: land, buildings, cars, equipment
variable asset asset that is transformed to cash within a year. Includes inventory of the actual product. Can also include accounts receivable.
intangible asset asset that is a brand name, logo, trademark, and patents.
liquidity refers to how easily an asset can be bought or sold on the market at the same price.
equity shows what the owner has contributed i...
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