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Explain the difference between preadmission review and admission review.
Asset Subsections
Specific categories under assets in financial accounting, such as current assets, fixed assets, etc.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business, whichever is longer.
Property, Plant, and Equipment
Tangible assets used in the operation of a business, expected to provide benefits for more than one period, such as buildings and machinery.
Income Statement
A financial statement that shows a company's revenues and expenses over a specified period, resulting in net profit or loss.
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