Current assets include cash and all other assets expected to become cash or be consumed:
A. Within one year.
B. Within one operating cycle.
C. Within one year or one operating cycle, whichever is shorter.
D. Within one year or one operating cycle, whichever is longer.
Answer:D
Current assets include cash and all other assets expected to become cash or be consumed:
A. Within one year. B. Within one operating cycle. C. Within one year or one operating cycle, whichever is shorter. D. Within one year or one operating cycle, whichever is longer.