Tuesday
November 25, 2014

Homework Help: accounting

Posted by Anonymous on Tuesday, August 19, 2008 at 8:35pm.

Can anyone help explain what information would be found in each of the following groupings on a classified balance sheet, and how that data could indicate the future success or failure of a business?:
Ř Current assets
Ř Long-term investments
Ř Property, plant, and equipment
Ř Intangible assets

Can you help me with anything else with this. I need to have some more information on it. Current asset include cash and cash equivalents, receivables, merchandise inventories and other current assets. Long- term investments include accounts payable, accrued compensation payable, accrued liabilities accrued income. Property, plant, and equipment include land and land improvements, Buildings and leasehold improvements, machinery and equipment and construction in process. Intangible assets include Music catalogues and copyrights, cable television and sports franchises, brands and trademarks, goodwill and other intangible assets. These groupings help the business determine such things as whether the company has enough assets to pay its debts as the come due and the claims of the short-and long-term creditors on the company’s total assets. A company’s current assets are important in assessing its short-term debt paying ability.

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