Ask Question
9 January, 19:13

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

+3
Answers (1)
  1. 9 January, 19:20
    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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers