The Assets That Are Expected to Be Converted to Cash

question 3

Multiple Choice

The assets that are expected to be converted to cash, sold, or used up during the next 12 months, or within the business's normal operating cycle if the cycle is longer than a year are called ________ assets.

• A)intangible
• B)plant
• C)long-term
• D)current

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Definitions:

Correlational Study

A research method used to determine the relationship between two variables, without implying causation.

Placebo

A substance or treatment with no therapeutic effect, often used in clinical trials as a control to test the efficacy of treatments.

Confounding Variable

An external variable that influences both the independent and dependent variables in an experimental design, leading to a potential false association between the studied variables.

Random Factor

A random factor is an unpredictable variable that can influence the outcome of an experiment or situation, often beyond control.