Financial Statements

Total Assets

Definition

What is Total Assets?

The sum of resources controlled by an entity that are expected to provide economic benefits.

Example in practice

Cash, receivables, inventory, property, and investments make up total assets.

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Income generated from selling goods or services before expenses are deducted.

The percentage increase or decrease in revenue over a period.

Direct costs attributable to goods or services sold during a period.

Gross profit expressed as a percentage of revenue.

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