Noncurrent assets are expected to be converted to cash over
A)a month.
B)a quarter.
C)a half of a year.
D)a year.
E)a period of time greater than a year.

Question

Quizplus · Accepted Answer

Noncurrent assets are assets that are expected to be held for a period greater than one year and are not easily converted to cash. Examples of noncurrent assets include property, plant, and equipment, intangible assets, and long-term investments. Therefore, the best choice is option E, as noncurrent assets are expected to be converted to cash over a period of time greater than one year.

Noncurrent Assets Are Expected to Be Converted to Cash Over