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Describe the difference between current and long-term assets

Discussion Post: The Accounting Equation

Describe the difference between current and long-term assets and liabilities. Why do you think it is important for assets and liabilities to be distinguished in terms of current and long-term?

The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.

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Accounting Basics: Describe the difference between current and long-term assets

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