Which of the following is a current asset that is expected to be converted to cash, sold, or consumed during the next year (or the normal operating cycle, if longer)?
A)Equipment
B)Accounts receivable
C)Building
D)Land

Question

Quizplus · Accepted Answer

Accounts receivable is a current asset that is expected to be converted to cash, sold, or consumed during the next year (or the normal operating cycle, if longer).

Which of the Following Is a Current Asset That Is