Current assets are assets that provide a benefit to a company over more than one year.

Name: Current assets are assets that provide a benefit to a company over more than one year.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Current assets are assets that can be converted into cash within one year or one operating cycle of a business. They do not provide benefits over more than one year. Examples of current assets include cash, accounts receivable, inventory, and short-term investments.

Current Assets Are Assets That Provide a Benefit to a Company