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Month: February 2021

11 1 Distinguish between Tangible and Intangible Assets Principles of Accounting, Volume 1: Financial Accounting

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Johnson & Johnson increased its liabilities to $111 billion, up from $98 billion in 2019. It seems that most of their liability increases have taken the form of long-term debt due in 2025, 2027, the 2030s, 2040s, and beyond. Cash equivalents are assets that a company can quickly turn into cash, such as Treasuries, marketable …

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