assets - TotalAssets 1.,soldorconsumed...

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Total Assets Total assets on the balance sheet are composed of: 1. Current Assets  - These are assets that may be converted into cash, sold or consumed  within a year or less. These usually include: Cash  - This is what the company has in cash in the bank. Cash is reported at its  market value at the reporting date in the respective currency in which the financials  are prepared. (Different cash denominations are converted at the market conversion  rate. Marketable securities (short-term investments)  - These can be both equity and/or debt securities for which a ready market exist. Furthermore, management expects to sell these investments within one year's time. These short-term investments are  reported at their market value. Accounts receivable  - This represents the money that is owed to the company for  the goods and services it has provided to customers on credit. Every business has  customers that will not pay for the products or services the company has provided.  Management must estimate which customers are unlikely to pay and create an  account called allowance for doubtful accounts .Variations in this account will impact  the reported sales on the income statement. Accounts receivable reported on the  balance sheet are net of their realizable value (reduced byallowance for doubtful  accounts). Notes receivable  - This account is similar in nature to accounts receivable but it is 
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