of the following is an asset that is expected to be converted to cash, sold, or consumed during the next year (or normal operating cycle, if longer)?
A) Liquid asset
B) Long-term asset
C) Quick liability
D) Current asset

Question

Quizplus · Accepted Answer

Current assets are assets that are expected to be converted to cash, sold, or consumed within one year or within the entity's normal operating cycle, whichever is longer.

Of the Following Is an Asset That Is Expected to Be