Assets That Are Expected to Be Converted to Cash,sold,or Used

question 122

Multiple Choice

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:

Diminished Judgement

A state or condition where a person's ability to make considered decisions or evaluations is impaired or reduced.

Sorting

The process of arranging items in a systematic order or classifying them into categories.

Characteristics

Traits or features that distinguish someone or something from others.

Hostile Competition

A form of rivalry where the parties involved engage in aggressive and antagonistic interactions beyond healthy competition.