Assets other than cash are expected to produce cash over time,but the amount of cash they eventually produce could be higher or lower than the amounts at which the assets are carried on the books.

Question

Quizplus · Accepted Answer

This is true as assets such as property, plant, and equipment, investments, and inventory are expected to generate cash flows over time, but the actual amount of cash generated may differ from the original value at which the assets were recorded on the company's books. This is because of factors such as depreciation, market fluctuations, and changes in demand.

Assets Other Than Cash Are Expected to Produce Cash Over