Current assets are those that a firm expects to convert into cash within one year or its operating cycle, whichever is longer.

Name: Current assets are those that a firm expects to convert into cash within one year or its operating cycle, whichever is longer.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Current assets are defined as assets that are expected to be converted into cash, sold, or consumed within one year or within the operating cycle of the business, whichever is longer.

Current Assets Are Those That a Firm Expects to Convert