A company's assets that can be easily converted into cash are called
A) fixed assets.
B) long-term assets.
C) current assets.
D) equity.
E) current liabilities.

Name: A company's assets that can be easily converted into cash are called A) fixed assets. B) long-term assets. C) current assets. D) equity. E) current liabilities.
Brand: Quizplus
Rating: 4.9 (30 reviews)

Question

Quizplus · Accepted Answer

Current assets or short-term assets are those that are used or converted into cash within the course of a calendar year.

A Company's Assets That Can Be Easily Converted into Cash