Examlex
Which of the following terms refers to the way an organization transfers inputs into outputs?
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within a year.
Cash Equivalents
Short-term, highly liquid investments that are easily convertible to known amounts of cash with original maturities of three months or less.
Allowance Method
A method in accounting that involves estimating the accounts that are uncollectible at the end of each period to account for bad debts.
Receivables
Amounts owed to a company by customers or other parties as a result of the company providing goods or services on credit.
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