Ask Question
20 April, 06:45

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. 20 April, 06:58
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers