Permanent current assets are not similar to fixed assets because they are fully liquidated within the year.

Name: Permanent current assets are not similar to fixed assets because they are fully liquidated within the year.
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Quizplus · Accepted Answer

Permanent current assets, such as inventory and accounts receivable, are not fully liquidated within a year. They are expected to provide ongoing support to a company's operations and are not akin to fixed assets, which are typically long-term and more difficult to convert to cash.

Permanent Current Assets Are Not Similar to Fixed Assets Because