In Order to Classify an Asset as Current, It Is

question 74

True/False

In order to classify an asset as current, it is to be converted to cash within one year or its operating cycle, whichever is longer.

---

Definitions:

File Explorer

A file management application in Microsoft Windows that provides a graphical interface for accessing the file systems.

Hard Drive

A data storage device used in computers to permanently store and retrieve digital information using one or more rigid rapidly rotating disks coated with magnetic material.

System Requirements

The minimum hardware and software specifications necessary for a software application or operating system to function effectively.

4 GHz

A frequency of 4 gigahertz, often refering to the processing speed of a computer's CPU or the frequency band of a wireless transmitter.