Cash and all other assets that are expected to be converted into cash within one year.
A) Current assets
B) Short-term assets
C) Goodwill
D) Depreciation

Question

Quizplus · Accepted Answer

Cash and other assets that are expected to be converted into cash within one year are classified as current assets in accounting terminology. Short-term assets could be used interchangeably, but it is not a commonly used term. Goodwill and depreciation are not related to current assets.

Cash and All Other Assets That Are Expected to Be