Question

the company is rite aid

1. Briefly describe your company's investments and intangible assets.

2. Does your company list "Other Assets?" If so, what items are classified in this category?

3. Comment on any significant changes in individual assets or liabilities.

4. Does your company have any long-term liabilities? If so, state the largest long-term liability and when it is due?

Answer 1

1. Assets are everything company owns. Tangible assets are physical they include cash, inventory, vehicles, equipment, buildings and investments. Intangible assets do not exist in physical form and include things like accounts receivable, pre paid expenses, parents and goodwill. Investments is an asset or item acquired with the aimoaim generating income or appreciation. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit. Mainly investment in banking, investment in speculation , investment in property, investment in cash, investment in fixed interest generating activities or in growing companies. If the company is registered as NBFC below are the major investments

A.Open-End anagement Investment Company also called as Mutual Funds,
B.Closed-End Management Investment Companies also called as Investment Trusts,
C. Unit Investment Trusts also called as Unit Trusts

2. Other assets are a grouping of accounts that are listed as a separate line item in the assets section of the balance sheet. This line item contains minor assets that do not naturally fit into any of the main asset categories. Examples of these assets are:

Advances to employees
Bond issuance costs
Deferred tax assets
Prepaid expenses

3. Assets: First section of the balance sheet lists the company assets. Assets for the balance sheet include cash, inventory, accounts receivable and prepaid accounts. Buildings, land and equipment owned by the company are categorized as assets on the balance sheet. Assets represent the equity in the business. As the value of the assets increases, the equity in the business increases. The equity calculation on the balance sheet is directly impacted by the value of the company assets.

Liabilities
The second section of a balance sheet details the company's liabilities. Liabilities are financial commitments, or claims against a company's assets. Payable accounts in the ledger, including wages, accounts payable and taxes due are all liabilities that reduce the owner's equity. When customers pay advanced deposits, those funds are recorded as unearned revenue. The revenue is not earned until the order is delivered. This unearned amount is a liability because it is a commitment to deliver goods in the future. The greater a company's liability balance, the lower the owner's equity from the reported assets.

4. Long-termliability is an obligation resulting from a previous event that is not due within one year of the date of the balance sheet (or not due within the company's operating cycle if it is longer than one year). Long-term liabilities are also known as noncurrent liabilities.

Examples of Long-term Liabilities
Some examples of long-term liabilities are the noncurrent portions of the following:

bonds payable
long-term loans
pension liabilities
postretirement healthcare liabilities
deferred compensation
deferred revenues
deferred income taxes
customer deposits
Some long-term debt that will be due within one year of the balance sheet date can continue to be reported as a long-term liability if there is:
a long-term investment that is sufficient and restricted for the payment of the debt, or
intent and a noncancelable arrangement that assures that the long-term debt will be replaced with new long-term debt or with capital stock.