It is not true that current assets are assets that a company expects to
A) realize in cash within one year.
B) sell within one year.
C) use up within one year.
D) acquire within one year.

Question

Quizplus · Accepted Answer

Current assets are assets that a company expects to convert to cash, sell, or consume within one year or its operating cycle, whichever is longer. They do not include assets the company plans to acquire within one year, which is what makes option D incorrect.

It Is Not True That Current Assets Are Assets That