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Which of the following controls creates a list item?
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business.
Current Liabilities
Short-term financial obligations that are due within one year or within the normal operating cycle of a company.
Current Assets
Assets on a balance sheet that are expected to be converted into cash, sold, or consumed within a year.
Current Liabilities
Financial obligations a company must pay within a year, such as loans, accounts payable, and other debts.
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