On the balance sheet, total assets minus net fixed assets equals:
A) current assets
B) current liabilities
C) gross fixed assets
D) total assets

Name: On the balance sheet, total assets minus net fixed assets equals: A) current assets B) current liabilities C) gross fixed assets D) total assets
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Question

Quizplus · Accepted Answer

Current assets are calculated by subtracting net fixed assets from total assets, as the balance sheet equation is Total Assets = Current Assets + Net Fixed Assets.

On the Balance Sheet, Total Assets Minus Net Fixed Assets