Current assets are expected to be converted to cash or sold or consumed within ________.
A) one year or operating cycle if longer than one month
B) one year or operating cycle if longer than one year
C) one year or operating cycle if shorter than one year
D) one fiscal year

Question

Quizplus · Accepted Answer

Current assets are expected to be converted to cash, sold, or consumed either within one year or within the operating cycle, whichever is longer.

Current Assets Are Expected to Be Converted to Cash or Sold