Examlex
Explain status inconsistency and give some examples of it.
Long-Term Assets
Assets that a company plans to hold for more than one fiscal year, such as buildings, land, and equipment.
Current Ratio
A financial ratio indicating a firm's capacity to settle short-term liabilities using its short-term assets.
Noncurrent Assets
Long-term assets not expected to be converted into cash within one year, such as property, plant, and equipment.
Stockholders' Equity
The residual interest in the assets of a corporation after deducting its liabilities, representing the owners' claim on the company's assets.
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