where [NCA.sub.t] is the amount of noncurrent assets
at the t moment of time; [VCA.sub.t] is a variable part of current assets at the t moment of time; [CCA.sub.t] is a constant part of current assets at the t moment of time;
When analyzing the impact of the disclosing investment, we found that the returns were not affected when taken minor variations of noncurrent assets
(ANC), the 1st Quartile, both for Pope sample and Ope sample.
In this case, if KL were to replace its noncurrent assets
with new equipment at a cost of $1.2m, this would cause a significant increase in the depreciation charge for the year.
Subtract the amount of cash expended to acquired any fixed assets, investments, and/or other noncurrent assets
BALANCE SHEET ASSETS CURRENT ASSETS: Cash $450,000 Notes and accounts receivable 850,000 FIXED ASSETS: Land 300,000 Buildings 550,000 Machinery and equipment 220,000 NONCURRENT ASSETS
: Prepaid insurance, taxes, etc.
This chapter discusses the valuation of perennial crops, the base value approach for valuing raised breeding livestock, the valuation of other non-current assets, such as purchased breeding livestock, machinery and equipment, land, buildings and improvements, and investments, how to allocate the cost of non-current assets over partial periods and with revised estimates, how to account for discarding noncurrent assets
, and how to provide additional information in disclosure notes to accompany the financial statements.
(4.) According to ARB 43, "This concept of the nature of current assets contemplates the exclusion from that classification of such resources as: (a) cash and claims to cash which are restricted as to withdrawal or use for other than current operations, are designated for expenditure in the acquisition or construction of noncurrent assets
, or are segregated for the liquidation of long-term debts; ...
Intangible assets are generally defined by the FASB as current and noncurrent assets
that lack physical substance.
Total assets are the sum of current and noncurrent assets
. For Howard's Electronic Retailers, Inc.
GAAP on business combinations; noncurrent assets
held for sale and discontinued operations; and accounting for costs associated with exit or disposal activities.
Problem assets (noncurrent assets
plus other real estate owned) made up 0.63% of total assets for the quarter, a slightly smaller share than the 0.69% posted in 2002.
In general, satisfying these materiality thresholds occurs when, individually by any investee or on an aggregated basis, (1) the investment account exceeds 10 percent of consolidated assets, (2) the proportionate share of total assets exceeds I 0 percent of consolidated assets, or (3) equity in income from continuing operations before income taxes, extraordinary items, and cumulative effect of accounting changes exceeds 10 percent of such consolidated income.6 SEC rules require investors to disclose data such as current assets, noncurrent assets
, current liabilities, noncurrent liabilities, redeemable preferred stock, minority interests, net sales or gross revenues, gross profit, income from continuing operations, and net income.