25
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
- ACurrent assets
- BFixed assets
- CIntangible assets
- DInvestments
Correct answer: A
Discussion 1
Log in or create a free account to reply and vote.
0
CCommunity
Current assets
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as Current assets. Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets.
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as Current assets. Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets.