Current assets separator

Assets are commonly divided into the classifications of current, fixed, and miscellaneous. Current assets, in principle, represent capital which can readily be converted into cash. Examples would be accounts receivable, inventories, cash, and marketable securities. These are liquid assets. On the other hand, fixed assets, such as land, buildings, and equipment, cannot be converted into immediate cash. Deferred charges, other investments, notes and accounts due after 1 year, and similar items are ordinarily listed as miscellaneous assets under separate headings. 

Modem balance sheets often use the general term liabilities in place of equities. Current liabilities are grouped together and include all liabilities such as accounts payable, debts, and tax accruals due within 12 months of the balance-sheet date. The net working capital of a company can be obtained directly from the balance sheet as the difference between current assets and current liabilities. Other liabilities, such as long-term debts, deferred credits, and reserves are listed under separate headings. Proprietorship, stockholders equity, or capital stock and surplus complete the record on the equity (or liability) side of the balance sheet. 

Assets are further classified as current or noncurrent (long-term) assets, separated only by the time the company thinks it will hold the asset. You can also think of this in the following way, how liquid is the asset Current assets are held for 1-year or less. These include cash, inventory, and receivables. Noncurrent or long-term assets are held longer than 1 year. Long-term fixed assets, such as plant, property, and equipment (PP E), have three common characteristics ... 

We support current legislative proposals to separate the capital recovery period from the traditional concept of permitting depreciation over the useful life of the asset. In order to Increase investment in new plant cuid equipment, it is necessary to permit a write-off more in keeping with replacement costs. 

Reduced form models are a form of no-arbitrage model. These models can be fitted to the current term structure of risky bonds to generate no arbitrage prices. In this way the pricing of credit derivatives using these models will be consistent with the market data on the credit risky bonds traded in the market. These models allow the default process to be separated from the asset value and are more commonly used to price credit derivatives. 

The nuclear power stations were not included in the early privatisation programme but became a separate company known as Nuclear Electric. In 1996, the AGR and PWR assets of Nuclear Electric and Scottish Nuclear were combined and privatised as British Energy. The magnox assets of both companies were transferred to Magnox Electric, which became part of British Nuclear Euels in 1998. Magnox is currently owned by Energy Solutions. 

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