A Current Asset Is

question 52

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)expected to be converted to cash or used in the business within one year or one operating cycle, whichever is longer.

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Definitions:

Organizational Factors

Elements that impact how an organization operates, such as its structure, culture, and management practices.

Embellish

To add details or features to something, often in order to make it more attractive or interesting, sometimes straying from truth or simplicity.

Application Form

A document that an individual fills out to provide personal and professional information when applying for a job, service, or activity.

Reliability

A selection device’s ability to yield consistent results over repeated measures; also, internal consistency of a device or measure.