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If and , then simplify in terms of and .
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.
Long-Term Investments
Investments intended to be held for longer than a year, including stocks, bonds, or real estate, aimed at generating long-term returns.
Office Equipment
Office equipment consists of tangible property like desks, computers, and copiers that are used in an office setting for operations and administrative functions.
Financial Position
A snapshot of what a company owns (assets) and owes (liabilities) at a particular point in time, showing its net worth.
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