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MONTOYA INC Balance Sheet Assets Current Assets Cash 360000 Form

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MONTOYA INC Balance Sheet Assets Current Assets Cash 360000 Form

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back to hm Accounting in our first video we spoke about what the balance sheet is now we're going to go a bit deeper and explore its main three components which are the assets the liabilities and the equity first let's talk about the assets these are everything that your business owns split into current and non-current assets current assets include things you can convert to cash within a year like cash itself your debt is and your inventory non-current assets like property or equipment are long-term resources that help to generate income next we have liabilities everything that the business owes current liabilities are short-term obligations due within a year like accounts payable or short-term loans non-current liabilities

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