Ask Question
17 November, 10:11

Current assets include cash and all other assets expected to become cash or be consumed: a. Within one year b. Within one operating cycle c. Within one year or one operating cycle, whichever is shorter d. Within one year or one operating cycle, whichever is longer

+5
Answers (1)
  1. 17 November, 13:15
    0
    d. Within one year or one operating cycle, whichever is longer

    Explanation:

    Current assets are a company's cash and its other assets that are expected to be converted to cash within one year of the date appearing in the heading of the company's balance sheet. But if a company has an operating cycle that is longer than one year, an asset that is expected to turn to cash within that longer operating cycle will be a current asset also.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Current assets include cash and all other assets expected to become cash or be consumed: a. Within one year b. Within one operating cycle ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers