Assets that are expected to be converted to cash, sold, or used up during the next 12 months, or ...

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Assets that are expected to be converted to cash, sold, or used up during the next 12 months, or ...

Assets that are expected to be converted to cash, sold, or used up during the next 12 months, or within the business's normal operating cycle if the cycle is longer than a year, are called ________ assets.
A) intangible
B) plant
C) current
D) long-term

Textbook

Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

Read 134 times

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H3Ko Author

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7 years ago

I just realized you had posted this! Thanks so much

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