Match the term with its definition.
-Assets that can be converted into cash relatively quickly
A)accounts payable (trade credit)
B)accounts receivable
C)accumulated depreciation
D)common stock
E)current assets (working capital)
F)current debt (short-term liabilities)
G)current ratio
H)fixed assets (property, plant, and equipment [PPE])
I)gross fixed assets
J)net fixed assets
K)other assets

Question

Quizplus · Accepted Answer

Current assets refer to assets that can be converted into cash relatively quickly, such as cash, accounts receivable, and inventory.

Match the Term with Its Definition