Definitions Flashcards by Miriam Hayashi | Brainscape

Q

Working Capital =

A

Current Assets - Current Liabilities

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Fixed Assets

A

Long-term assets (not current assets)

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

FASB “more likely than not” means

A

Greater than 50% likely of being realized upon ultimate settlement

How well did you know this?

1

Not at all

2

3

4

5

Perfectly