Fixed assets are those that are attached to the walls of the building.
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Q43: The accrual basis of accounting records sales
Q44: The income statement compares the possessions of
Q45: A company's possessions are called liabilities.
Q46: Current assets are those that are easily
Q47: Current assets include vehicles and renovations.
Q49: Machinery and equipment are current assets.
Q50: Liabilities are classified as current and long
Q51: Current liabilities include accounts payable and accrued
Q52: The current portion of the long-term debt
Q53: Goodwill and patents are considered company liabilities.
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