Match each statement to the item listed below.
-Cash and other resources that are expected to become cash or used up within a year's time or less
A)Current assets
B)Current liabilities
C)Gross margin
D)Income from operations
E)Intangible assets
F)Long-term investments
G)Long-term liabilities
H)Net profit margin

Question

Quizplus · Accepted Answer

Current assets include cash and other resources that are expected to become cash or used up within a year's time or less.

Answer: B 
 Current liabilities include debts and obligations that are due within a year's time or less.

Answer: F 
 Long-term investments are assets that are expected to be held for more than a year.

Answer: G 
 Long-term liabilities are debts and obligations that are due in more than a year's time.

Other options are not related to the given statement.

Match Each Statement to the Item Listed Below