Assets are generally divided into:
A) current assets and reliable assets
B) non-current assets and solvent assets
C) current assets and non-current assets
D) current assets and solvent assets

Question

Quizplus · Accepted Answer

Assets are generally divided into two categories: current assets and non-current assets. Current assets are those which are expected to be consumed or converted into cash within one year, such as cash and inventory. Non-current assets are those which have a longer life span and are not expected to be consumed or converted into cash within one year, such as property, plant, and equipment.

Assets Are Generally Divided Into