The essential characteristic of current assets is their
A) liquidity.
B) tangibility.
C) value.
D) cost.
E) commonality.

Name: The essential characteristic of current assets is their A) liquidity. B) tangibility. C) value. D) cost. E) commonality.
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Question

Quizplus · Accepted Answer

Current assets are characterized by their liquidity, which means they can be quickly converted into cash within a year or within the operating cycle of a business.

The Essential Characteristic of Current Assets Is Their