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Cash equivalents are short-term commitments "with temporarily idle cash and easily convertible into a known cash amount". [1] An investment normally counts as a cash equivalent when it has a short maturity period of 90 days or less, and can be included in the cash and cash equivalents balance from the date of acquisition when it carries an ...
A fixed liability is a debt, bond, mortgage or loan that is payable over a term exceeding one year. Such debts are better known as non-current liabilities [1] or long-term liabilities. [2] Debts or liabilities due within one year are known as current liabilities. [3]
Long-term liabilities, or non-current liabilities, are liabilities that are due beyond a year or the normal operation period of the company. [ 1 ] [ better source needed ] The normal operation period is the amount of time it takes for a company to turn inventory into cash. [ 2 ]
Interest rate changes: short-term vs. long-term debt. The amount may only add up or save you a few hundred extra dollars over the life of a short-term loan like a personal loan. However, you could ...
Current liabilities – these liabilities are reasonably expected to be liquidated within a year. They usually include payables such as wages, accounts, taxes, and accounts payable, unearned revenue when adjusting entries, portions of long-term bonds to be paid this year, and short-term obligations (e.g. from purchase of equipment). Current ...
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Short-term investments – include securities bought and held for sale in the near future to generate income on short-term price differences (trading securities) Receivables – usually reported as net of allowance for non-collectable accounts. Inventory – trading these assets is a normal business of a company.
Short-term goals. Long-term goals. Vacation. Retirement. Down payment for a car or house. Opening a business. Deposit for a new apartment. Paying for a child’s education