A(n) _____ item is expected to generate cash over periods longer than a year or use cash over periods longer than a year.
A)illiquid
B)appropriated
C)liquid
D)current
E)noncurrent

Question

Quizplus · Accepted Answer

Noncurrent items, also known as long-term assets or liabilities, are expected to generate or use cash over periods longer than a year. Examples include property, plant and equipment, long-term investments, and long-term loans.

A(n) _____ Item Is Expected to Generate Cash Over Periods