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    babylijem's Avatar
    babylijem Posts: 1, Reputation: 1
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    #1

    Aug 19, 2010, 06:19 AM
    Clay balls, called bullae were said to be the first bills of landing. True or False
    Assets are classified into current assets only? True or false
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Aug 27, 2010, 12:29 PM

    There are different types of assets. The most common types of assets are:
    Current assets are assets that can be converted to cash within one account period or 1 year whichever is shorter.
    Investments - assets held for long-term investment purposes.
    Fixed Assets - Assets like buildings, equipment, and machinery that is used in the business
    Intangible assets - assets that do not have a physical form like patents, copyrights, goodwill, franchise
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