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Suppose that an American opens and operates a recording studio in Poland. This is an example of
Short-Term Assets
Assets expected to be converted into cash, sold, or consumed within one year or within the operating cycle of a business, whichever is longer.
Pro Forma Assets
Projected assets of a business, listed in a financial statement prepared in anticipation of future events or transactions.
Owner's Equity
The residual interest in the assets of an enterprise after deducting its liabilities, often referred to as net assets.
Long-Term Assets
Assets that are expected to provide economic value to a business for more than one year, such as property, plant, and equipment.
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