西方财务会计_chapter5
Introduction
Cash is one of financial assets.Financial assets include cash,short-term investments and receivables.Financial assets are shown in the balance sheet at their current values. Current value is measured differently for each type of financial asset.
Current value
The current value of cash is simply its face amount.The current value of short-term investments (marketable securities) is current market value. (represents an exception to the cost principle)The current value o ...