Question

Current assets include: Group of answer choices Assets that will be used for many years. Assets...

Current assets include:

Group of answer choices

Assets that will be used for many years.

Assets that will be used up or converted to cash within 12 months.

Assets that must be paid for within 12 months.

Any assets that were purchased for cash.

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Answer #1

Current assets will be used for a period less than 12 months. Current assets include Cash, Accounts receivable, Supplies etc...

2nd Option. Assets that will be used up or converted to cash within 12 months.

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