Current assets include cash and other assets that will be converted into cash or consumed within one year or the normal operating cycle of the business,whichever is longer.

Name: Current assets include cash and other assets that will be converted into cash or consumed within one year or the normal operating cycle of the business,whichever is longer.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is the definition of current assets according to generally accepted accounting principles.

Current Assets Include Cash and Other Assets That Will Be