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Why is it necessary for individual property rights to be established if there is to be economic growth?
Current Asset
Items of value that are likely to be cashed in, sold off, or expended either within the span of one year or over the course of the entity's standard operational cycle, should that be more extended.
Goodwill
An intangible asset that arises when a company acquires another company for more than the fair value of its net identifiable assets.
Accounts Receivable
Represents money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.
Inventories
Assets held for sale in the ordinary course of business, or goods that will be used or consumed in the production of goods to be sold.
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