Of the following, which can be converted into cash within one year?
A) Current assets
B) Fixed assets
C) Accrued assets
D) Accountable assets
E) Substantial assets

Question

Quizplus · Accepted Answer

Current assets can normally be converted to cash within one year. For retailers, current assets are primarily cash, merchandise inventory, and other assets such as accounts receivable.

Of the Following, Which Can Be Converted into Cash Within