Alternatively, take Fahrenheit, subtract 32 and halve the answer to get to Celsius. Under this system, that 66 F would convert to 17 C, nearly two degrees lower than the correct answer while the 13 C would convert to 58 F, which is close to three degrees higher than the true figure.
Current Asset. Definition: A current asset is an item on an entity's balance sheet that is either cash, a cash equivalent, or which can be converted into cash within one year. Examples of current assets are: 1  Cash, including foreign currency. 2  Investments, except for investments that cannot be easily liquidated. 3  Prepaid expenses.
Noncurrent assets are cleverly defined as anything not classified as a current asset. The main line items in this section are long-term investments; property, plant, and equipment (PP&E); and goodwill and other intangible assets. Long-Term Investments. This is money invested in either bonds with longer terms than one year or the stock of other companies.