Reviewed by David Kindness Fact checked by Vikki Velasquez In 2013, the U.S. Bureau of Economic Analysis announced a change to the way it estimates gross domestic product (GDP). Going forward, it was ...

A financial statement that ... assets that appear in the balance sheet are called long-term or fixed assets because they're durable and will last more than one year. Examples of long-term assets ...

For example, note that the Cash Flow which we have prepared ... Fixed assets are treated in a special way - both on the income statement and on the balance sheet. Although an item, such as a $2,000 ...