A current asset is
A) the last asset purchased by a business.
B) an asset which is currently being used to produce a product or service.
C) usually found as a separate classification in the income statement.
D) an asset that a company expects to convert to cash or use up within one year.

Question

Quizplus · Accepted Answer

A current asset is an asset that a company expects to convert to cash or use up within one year.

A Current Asset Is