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-   -   Total current assets (https://www.askmehelpdesk.com/showthread.php?t=28239)

  • Jun 24, 2006, 12:33 PM
    jcjspj1
    Total current assets
    How do you compute

    1. Current assets.
    2. Long-term assets.
    3. Current liabilities.
    4. Long-term liabilities.
    5. Stockholders' equity.
    In my balance shee I have four entries. Land, Cash, Building, Accounts payable, Notes Payable (short terms) and equipment, capital stock, retained earnings, supplies, accounts receivable.

    Current assets are cash, accounts receivableand equipment. Current liabilities are accounts payable , mortgage payable and notes payable. Long term liabilities, land, building, and stock holders' equity as capital stock. Do I add each category separately.
  • Jun 24, 2006, 01:22 PM
    CaptainForest
    The accounts you have are:
    Land
    Cash
    Building
    Accounts payable
    Notes Payable (short terms)
    equipment,
    capital stock
    retained earnings
    supplies
    accounts receivable

    1. Current assets. = Cash + Supplies + Accounts Receivable
    2. Long-term assets. = Land + Building + Equipment
    3. Current liabilities. = Accounts Payable + Notes Payable (short terms)
    4. Long-term liabilities. = None
    5. Stockholders' equity. = Capital Stock + Retained Earnings
  • Jul 29, 2008, 05:12 PM
    platto
    Total current liabilities
  • Jul 29, 2008, 05:15 PM
    platto
    How do you compute total current liabilities
  • Jul 29, 2008, 07:09 PM
    afine
    current liabilities= notes payable+ accounts payable + allowances for returns + salaries and commissions payable + taxes payable + other current liabilities.
  • Dec 1, 2012, 08:24 AM
    ahmedalaadel
    Is earning assets part of the current assets?

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