Contabilidade - 12 (Aula 04)

Assets that are expected to be converted into cash within 12 months from the date of the balance sheet. They are used to run the daily operations of a business.

A period exceeding 12 months from the date of the balance sheet. It represents timelines for long-term obligations, investments, and assets.

Cash is a highly liquid asset and is considered a current asset, not a non-current asset.

The order of liquidity depends on how quickly assets can be converted into cash. Cash is the most liquid, followed by bank balances, receivables, and then inventory.

The cycle takes into account the time needed for all stages of a product's journey, from manufacturing to selling and receiving payment.

Long-term liabilities, like loans due in 18 months, are obligations that extend beyond the current accounting year.

According to Brazilian accounting standards, vehicles used daily in the company's operations are considered part of the company's fixed assets.

Investments fall under non-current assets when they're not directly related to the company's core business operations. These investments are often held for long-term growth or diversification.

The statement is true. Short-term refers to transactions that occur within a year from the date of the balance sheet.

The statement is true. Long-term encompasses anything that will be paid or received more than a year from the date of the balance sheet.