Fixed assets consist of cash and items to be converted into cash within one year or within the normal operating cycle of the company,whichever is longer.

Name: Fixed assets consist of cash and items to be converted into cash within one year or within the normal operating cycle of the company,whichever is longer.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Fixed assets are typically long-term assets such as property, plant, and equipment that are not expected to be converted into cash within one year or the normal operating cycle of the company.

Fixed Assets Consist of Cash and Items to Be Converted