current asset is: ered of 1.0 stion Select one: O a. An item that the firm expec

Question

current asset is: ered of 1.0 stion Select one: O a. An item that the firm expects to own within the next year. O b. An item currently owned by the firm. Oc. The market value of all the items currently owned by the firm o d. The amount of cash on hand the firm currently shows on its statement of financial position. 0 e. An item currently owned by the firm that will convert to cash within the next 12 months. 20 nswered ut of 1.0 Future value is directly related to the rate of interest. Select one: ueston True O False

Explanation / Answer

19. Current Asset is an Asset that can be converted into cash within a period of 12 months from the end of the financial Year. Current Assets consists Cash, Bank Balances, Inventory, Trade receivables etc

Correct Option E

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.