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American Power (American Power) Other Current Assets : $0.01 Mil (As of Sep. 2012)


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What is American Power Other Current Assets?

American Power's other current assets for the quarter that ended in Sep. 2012 was $0.01 Mil.

American Power's quarterly other current assets declined from Sep. 2010 ($0.03 Mil) to Sep. 2011 ($0.02 Mil) and declined from Sep. 2011 ($0.02 Mil) to Sep. 2012 ($0.01Mil).

American Power's annual other current assets declined from Sep. 2010 ($0.03 Mil) to Sep. 2011 ($0.02 Mil) declined from Sep. 2011 ($0.02 Mil) to Sep. 2012 ($0.01 Mil).


American Power Other Current Assets Historical Data

The historical data trend for American Power's Other Current Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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American Power Other Current Assets Chart

American Power Annual Data
Trend Sep07 Sep08 Sep09 Sep10 Sep11 Sep12
Other Current Assets
Get a 7-Day Free Trial - - 0.03 0.02 0.01

American Power Semi-Annual Data
Sep07 Sep08 Sep09 Sep10 Sep11 Sep12
Other Current Assets Get a 7-Day Free Trial - - 0.03 0.02 0.01

American Power Other Current Assets Calculation

Technically, the other current assets line may include any asset that will be used up within the next 12 months. However, other current assets never include assets that are listed elsewhere in the current assets section of the balance sheet. For this reason, other current assets are almost never:


Cash
Trade Receivables
Inventory

The assets grouped under other current assets are most commonly:


Prepaid Expenses
Tax Assets
Non-Trade Receivables
Other (too numerous to list)

Some companies can and do choose to report each of these items separately.

Other current assets may be made up largely of Prepaid Expenses - unless these are listed on a separate line of the balance sheet.

Prepaid expenses are exactly what they sound like. If a company pays a $30 million insurance premium on the last day of June that will provide coverage for the entire month of July, the company will record a $30 million prepaid expense to account for the insurance expense it will show in July that it already paid for in June.

Tax assets can be quite complex. It is not common for companies to have both tax assets and tax liabilities. It is important that investors take note of both items when considering future taxes.

Non-Trade receivables are rarely a large item. They include money owed to the company by non-customers. Non-trade receivables can be caused by related party transactions, the sale of a business unit, etc. The notes to the company's financial statements will often provide much more detail on this item if it is truly important.

There are a variety of other current assets like non-trade receivables which are simply too numerous to list. If a company is following correct reporting procedures, it should not lump items that are different from one another and yet individually important to the company together under the line Other Current Assets.

At most companies, other current assets are a small and unimportant part of the total balance sheet.


American Power Other Current Assets Related Terms

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American Power (American Power) Business Description

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Address
American Power Corp was incorporated in the State of Nevada on August 7, 2007. It is an exploration stage company engaged in coal, oil and natural gas exploration, development and production. The Company's current primary business focus is to acquire, explore and develop coal, oil and gas exploration properties in the United States of North America, with a particular focus on the Rocky Mountain region. It has acquired an assignment of certain contractual rights in coal and minerals located in Judith Basin County, Montana, collectively described as the 'Pace Coal Project', however these rights are speculative in nature and additional exploration work is required to determine their value.

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