Question

Refer to Samsung’s most recent balance sheet in Appendix A. Identify and list its ten current assets.

Short answer

Answer:

Ten current assets are cash and cash equivalents, short-term financial instruments, trade receivables, short term financial assets, non-trade receivables, advances, prepaid expenses, inventories, other current assets and asset held-for-sale.

Step-by-step solution

Definition of current asset

Current assets are the assets that can be converted into cash within 12 months.

Ten current assets from the balance sheet

• Cash and cash equivalents
• Short-term financial instruments
• Short-term available-for-sale financial assets
• Trade receivables
• Non-trade receivables
• Advances
• Prepaid expenses
• Inventories
• Other current assets
• Assets held-for-sale