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:

Receiver's Response

The reaction or feedback provided by the recipient of a message to the sender, indicating how the message was interpreted or the effect it had.

Decoding

The process of interpreting or making sense of information, messages, or data.

Message

A piece of information or communication that is sent from one person or group to another.

Semantics

The study of meaning that is conveyed in language, including words, phrases, and symbols, and how interpretation varies.