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

---

Definitions:

Binary Digit

The smallest unit of data in computing, represented by a 0 or 1, used in the binary number system.

Bits

The smallest unit of data in a computer, representing a single binary value, either 0 or 1, which can be used to represent a state, value, or part of a code.

Letter

A written, typed, or printed communication, sent by post or messenger.

GB

Stands for Gigabyte, a unit of digital information storage equal to 1,024 megabytes (MB), commonly used to quantify computer file sizes and storage capacities.