Which of the following is true of current assets?
A) The time of conversion of current assets to more liquid form is relatively unpredictable.
B) They are used to fund long-term operations and pay long-term expenses.
C) They are more profitable because they add more value to the product than that provided by fixed assets.
D) They are sources of short-term financing for a firm.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is true of current assets?
A) The time of conversion of current assets to more liquid form is relatively unpredictable.
B) They are used to fund long-term operations and pay long-term expenses.
C) They are more profitable because they add more value to the product than that provided by fixed assets.
D) They are sources of short-term financing for a firm.

Which of the Following Is True of Current Assets