Current assets are cash itself or items that could quickly be turned into cash (liquidated), or will be used by the business within one year.

Name: Current assets are cash itself or items that could quickly be turned into cash (liquidated), or will be used by the business within one year.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Current assets include cash, accounts receivable, inventory, and short-term investments, all of which can be converted into cash within one year or less.

Current Assets Are Cash Itself or Items That Could Quickly