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The difference between the assets and the liabilities is known as equity or the net assets or the net worth or capital of the company and according to the accounting equation, net worth must equal assets minus liabilities. [4] Another way to look at the balance sheet equation is that total assets equals liabilities plus owner's equity.
owner’s equity = assets – liabilities For example, if a company with five equal-share owners has $1.2 million in assets but owes $485,000 on a term loan and $120,000 for a semi-truck it ...
An asset should also be impaired in accordance with IAS 36 Impairment of Assets if its recoverable amount falls below its carrying amount. [1] Recoverable amount is the higher of an asset's fair value less costs to sell and its value in use (estimate of future cash flows the entity expects to derive from the asset).
A liquid asset is an economic resource that can be quickly and easily converted into cash. Liquid assets can be sold or exchanged without significantly impacting their value. Examples of liquid ...
Tampa Electric: FL UGI Corporation (UGI) United Electric Company: PA UIL Holdings Corporation: The United Illuminating Company: CT UniSource Energy: Tucson Electric Power: AZ UNS Electric: AZ Unitil (UTL) Unitil Energy: MA, NH Fitchburg Gas & Electric: MA Vectren (VVC) Southern Indiana Gas and Electric: IN Wisconsin Energy Corporation: We ...
Liquid assets are assets that can quickly and easily be converted to cash. Learn about types of liquid assets and how they can help you meet investing goals.
The fundamental components of the accounting equation include the calculation of both company holdings and company debts; thus, it allows owners to gauge the total value of a firm's assets. However, because accounting is kept on a historical basis, the equity is typically not the net worth of the organization.
A fixed asset (also known as long-lived assets or property, plant and equipment (PP&E)) is a term used in accounting for assets and property that may not easily be converted into cash. [1] Fixed assets are different from current assets, such as cash or bank accounts, because the latter are liquid assets. In most cases, only tangible assets are ...