Marketable Securities are assets that can be converted into cash in one year and are readily available. In addition, marketable securities provide interest amounts to the firm.… See more

Inventories are assets that a business owner will sell in the future. The company is expected to sell its inventory shortly. That's why it is put under Current Assets. See more

The prepaid expense consists of the expense that the company has already paid, but until now, services for that payment have not been received. The company i… See more

Intangible Assets are assets that cannot be seen or touched physically. An Example of the intangible assetis the firm's intellectual property, such as a patent or software. The cost of indi… See more