The current portion of Total Assets reported if a company operates a classified balance sheet that segments current and non-current assets. Current assets are important because they are the assets that are used to fund day-to-day operations of Apple. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current AssetsCurrent assets of Apple Inc include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Major components are Cash and Equivalents Investments Goodwill and Intangible Assets Property Plant and Equipment Net Tax Assets and Trade and Non Trade Receivables. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized.
These assets are usually recorded in Apple Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. Assets are items that have some economic value and are expended over time to create a benefit for the owner.
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