All current assets are either cash or assets that will be converted into cash or consumed within twelve months or the operating cycle, if that is longer than one year.

Name: All current assets are either cash or assets that will be converted into cash or consumed within twelve months or the operating cycle, if that is longer than one year.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is the definition of current assets according to generally accepted accounting principles (GAAP).

All Current Assets Are Either Cash or Assets That Will