2006-10-12 01:40:30 · 4 answers · asked by Marie 1 in Business & Finance ➔ Other - Business & Finance
Fixed assets are commonly things like real estate, machinery and equipment. Fixed assets - accumulated depreciation = net fixed assets.
Current (aka liquid assets) + fixed assets + intangible assets = total assets.
Hope this helps.
2006-10-12 04:55:44 · answer #1 · answered by Adoptive Father 6 · 0⤊ 0⤋
No. Current Assets + Fixed Assets = Total Assets.
2006-10-12 01:48:26 · answer #2 · answered by ErnestoV 2 · 0⤊ 0⤋
The FIRST difference is that net income NEVER appears on a balance sheet. Total assets is the total value of everything the company OWNS on a given date. Net income is the total amount the company EARNED in a given period of time. The ONLY thing they have in common is both are expressed in terms of whatever monetary unit is used in whatever country you are in.
2016-03-28 06:14:40 · answer #3 · answered by Anonymous · 0⤊ 0⤋
fixed assets are the ones that dont change from month to month or whatever time period you are using, but other assets may not be constant, like inventory for example that may change depending on what is sold or stocked.
2006-10-12 01:51:24 · answer #4 · answered by lil'rusty 3 · 0⤊ 0⤋