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Difference between current and long-term assets

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Reference no: EM133108094

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I. How can accounting help someone's career if they are not planning to be an accountant? What information provided in financial reports would help them in their business?

II. Describe the difference between current and long-term assets and liabilities. Why is it important for assets and liabilities to be distinguished in terms of current and long-term?

Reference no: EM133108094

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