Assets are the economic resources that businesses use in their operations, and in the case of bankruptcy, can use to repay their outstanding debt. Some assets can be converted into cash to repay debts ...

Most small businesses use some form of a fixed asset in their operations. A fixed asset is a resource a business reports in the assets section of its balance sheet, typically under the "property, ...

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. David Kindness is a Certified Public Accountant (CPA) and an expert in the ...

Hans Daniel Jasperson has over a decade of experience in public policy research, with an emphasis on workforce development, education, and economic justice. His research has been shared with members ...

A balance sheet is one of three financial documents that every investor should check when researching a company to invest in. The other two are an income statement, which looks at a company’s profits, ...

A financial statement that lists the assets, liabilities and equity of a company at a specific point in time and is used to calculate the net worth of a business. A basic tenet of double-entry ...

Assets and revenue are very different things. For one, they appear on completely different parts of a company's financial statements. Assets are listed on the balance sheet, and revenue is shown on a ...