Discuss the current assets and fixed assets

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Reference no: EM131499336

Question: 1. Why should a change in the sales revenue mix among departments have any effect on net income, even if there is no change in total revenue?

2. For each of the following balance sheet categories, name three accounts and briefly discuss each one:

a. Current assets

b. Current liabilities

c. Fixed assets

Reference no: EM131499336

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