The Current Assets of Most Companies Are Usually Made Up

question 22

Multiple Choice

The current assets of most companies are usually made up of:

• A)assets that are currently used in the operations of the company.
• B)cash and assets expected to be converted to cash within a year.
• C)a very small proportion (less than 10%)of the total assets of the entity.
• D)cash, marketable securities, and accounts and notes receivable.

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Definitions:

Arizona

A U.S. state known for its desert climate, the Grand Canyon, and rich Native American history.

Michigan

A state located in the Great Lakes region of the United States known for its manufacturing industry and natural beauty.

Legal Services

Professional services provided by qualified lawyers or law firms regarding legal issues, rights, and responsibilities.

Lower Cost

A reduction in the expenditure or price of goods, services, or operational activities.