______ are assets that can be converted into cash within a year.

A) Cash flow assets
B) Current assets
C) Intangible assets
D) Deferred assets

Question

______ are assets that can be converted into cash within a year.A) Cash flow assetsB) Current assetsC) Intangible assetsD) Deferred assets

ObamaTook MyKFC · Accepted Answer

Final Answer : B, Explanation :  Current assets are assets that are expected to be converted into cash or used up within a year. Examples of current assets include cash and cash equivalents, accounts receivable, inventory, and prepaid expenses.

______ are assets that can be converted into cash within a year.

A) Cash flow assets
B) Current assets
C) Intangible assets
D) Deferred assets

Definitions

Learning Objectives

Learning Objectives

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