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Financial Accounting and Reporting > Monetary Current Assets and Liabilities > Flashcards

Monetary Current Assets and Liabilities Flashcards

1
Q

Monetary Current Assets and Liabilities

Define Monetary Assets

A

Monetary assets are cash or items whose amounts are fixed in terms of numbers of dollars. For example, demand deposits and receivables are monetary assets; patents and trademarks are not.

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Financial Accounting and Reporting (15 decks)

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