A Current Asset Is

question 114

Multiple Choice

A current asset is

• A) the last asset purchased by a business.
• B) an asset which is currently being used to produce a product or service.
• C) usually found as a separate classification in the income statement.
• D) an asset that a company expects to convert to cash or use up within one year.

---

Definitions:

Appropriate Job

An employment position that is well-suited to an individual's skills, interests, and qualifications.

Prospecting Cover Letter

A type of cover letter sent to inquire about potential job opportunities or to introduce oneself to a potential employer, even when no job has been advertised.

Unsolicited

Something not asked for and often unwanted, typically referring to communications or goods.

Employment

The condition of having paid work or being engaged in a profession or occupation.