__________ are those expected to be turned into cash in the near future,while __________ are those expected to be fulfilled in the near future,and the difference between the two is __________.
A) Current assets; current liabilities; shareholders' equity.
B) Current assets; current liabilities; net working capital.
C) Fixed assets; current liabilities; net working capital.
D) Liquid assets; liquid liabilities; shareholders' equity.

Question

Quizplus · Accepted Answer

Current assets are those that are expected to be turned into cash in the near future, while current liabilities are those that are expected to be fulfilled in the near future. The difference between the two, known as net working capital, is important for assessing a company's short-term liquidity. Fixed assets and shareholders' equity are not directly related to this concept, and liquid assets and liquid liabilities are not commonly used accounting terms.

__________ Are Those Expected to Be Turned into Cash in the near Future,while