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3 Cards in this Set
- Front
- Back
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Current Assets include
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1) Cash
2) Temp invest. in marketable securities 3) Prepaids 4) Inventories 5) A/R and Notes Rec. 6) Property held for resale |
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Current Asset - Cash and cash equivalent
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1. Coins, currency on hand and petty cash
2. Negotiable papers (cashier's check, money orders and bank drafts) 3. Money market funds 4.Savings Accounts 5. Compensating balances (not legally restricted-held for short term borrowing) 6. Checks that are written but not mailed out until after the BS date 7. CDs with less than 3mos maturity |
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Current Asset Exclusions
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1. CDs with maturity date of longer than 3 mos
2. Compensating balances held against long term borrowing |
