Of the two types of assets,which one can be converted into cash within one year?
A)current assets
B)fixed assets
C)accrued assets
D)accountable assets
E)substantial assets

Name: Of the two types of assets,which one can be converted into cash within one year? A)current assets B)fixed assets C)accrued assets D)accountable assets E)substantial assets
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Question

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Current assets can be normally converted to cash within one year.Examples would be primarily cash,accounts receivable and merchandise inventory.

Of the Two Types of Assets,which One Can Be Converted