Hi,
Are receivables considered a monetary asset? I would have considered it a non monetary and valued at historic rate under temporal…?
I’m a little confused…
what is a non monetary asset then?
thanks
Monetary assets and liabilities: cash, receivables, payable, and short-term and long-term debt.
The most common nonmonetary assets: inventory, fixed assets, intangible assets…and :’(
Nonmonetay liabilities:… :’(
Monetary assets - Cash & marketable securities, A/R
Monetary liabilties - A/P, long-term debt, accrued expenses, notes, deferred taxes
Nonmonetary assets - Inventories, PP&E, Intangibles
Nonmonetary liabilities - Deferred revenue