Which of the following is a current asset that is expected to be converted to cash,sold,or consumed during the next year (or the normal operating cycle,if longer)?
A)land
B)equipment
C)building
D)Accounts Receivable

Question

Quizplus · Accepted Answer

Accounts Receivable is a current asset that is expected to be converted to cash within a year or the normal operating cycle if longer. Land, equipment, and buildings are long-term assets that are not expected to be sold or consumed within the next year.

Which of the Following Is a Current Asset That Is