A Current Asset Is One That

question 29

Multiple Choice

A current asset is one that:

• A) the company has owned for over one year.
• B) the company has owned for over five years.
• C) the company will use up or convert into cash in less than one year.
• D) the company will use up or convert into cash in less than five years.

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Definitions:

Adenine

One of the four nucleobases in the nucleic acid of DNA that are represented by the letters G–C–A–T.

Nucleic Acids

Large biomolecules essential to all known forms of life, including DNA and RNA, which store and transmit genetic information.

Guanine

One of the four main nucleobases found in the nucleic acids DNA and RNA.

Representation

Representation can refer to the act of speaking or acting on someone's behalf or depicting or describing something.