Assets may be classified in many ways. The principal distinction normally made for business purposes is between:
Other business subdivisions include intangible assets, that is, those assets which, though not visible, add to the earning power of the business, e.g. goodwill[?], patents, copyrights, etc. (also called invisible assets); liquid assets, which are a subdivision of current assets and also categories labelled trade investments,quoted investments, etc.
In the balance sheet of a company certain divisions are required by law, which varies from country to country.
See also: Financial markets, Finance, Liability, Property
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