What Is a "Current Asset

question 110

Multiple Choice

What is a "current asset"?

• A)An asset expected to be consumed in the ordinary operating cycle of the business.
• B)An asset not expected to be consumed in the ordinary operating cycle of the business.
• C)An asset expected to be used for investment purposes.
• D)An asset, such as cash, that is restricted from being used for at least 12 months.

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Definitions:

Cruise Line

A company that operates cruise ships, providing vacations and travels across various destinations via sea routes.

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A market accessible to the public where financial securities or goods are exchanged with instant delivery.

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A group of donkeys; often used contextually outside of agriculture to describe a collection or group with specific characteristics.

Corpulent Tourists

Overweight individuals who travel for pleasure or leisure.