An Asset That Is Generally Not Expected to Be Converted

question 111

Multiple Choice

An asset that is generally not expected to be converted to cash or consumed within one year or the operating cycle is:

• A) Building.
• B) Accounts receivable.
• C) Inventory.
• D) Supplies.

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Definitions:

Displaced

Refers to individuals or populations forced to leave their usual residence due to environmental changes, conflict, or other disruptions.

Overuse

Utilizing a resource to such an extent that it leads to its significant depletion or damage.

Groundwater

Water held underground in the soil or in pores and crevices in rock, which is an important source of drinking water.

Subsidence

The gradual caving in or sinking of an area of land.