A company's assets that are used or converted into cash within the course of a calendar year are called:

Name: A company's assets that are used or converted into cash within the course of a calendar year are called:
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Question

Quizplus · Accepted Answer

Current assets are 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. This includes items such as cash, inventory, and accounts receivable.

A Company's Assets That Are Used or Converted into Cash