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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

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  1. 9 January, 19:20
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    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.
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Home » Business » 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.
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