If you drink a large (250ml) glass of wine, your body takes about three hours to break down the alcohol. If you drink one pint of beer, your body takes about two hours to break it down. One pint of strong lager is equivalent to three units, so this will take longer.
General Asset Differences. As a current asset, inventory is different from long-term assets in that it is typically acquired and sold within twelve months. Accounts receivable, cash and other marketable securities are other examples of current assets.
Beginning inventory is the recorded value of all goods and materials available to a company at the start of the account period. It basically refers to the inputs a company can use to generate revenues in the upcoming year. It is an asset account, where the value can be gauged by looking at the balance sheet.