"_____" means that the value of the item can be realized,or must be paid as cash within one year,while "_____" means that the asset will still be valuable more than one year in the future,or that the business may take longer than one year to pay the amount owed.
A)Dated,current
B)Current,long-term
C)Current,dated
D)Long-term,current

Question

Quizplus · Accepted Answer

"Current" means that the value of the item must be realized or paid within one year, while "long-term" means it will still have value beyond one year or take longer than one year to pay off. Therefore, option B, "current, long-term," matches the definitions provided in the question.

"_____" Means That the Value of the Item Can Be