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  3. Study Set
    College Accounting Study Set 2
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    Exam 12: Completion of the Accounting Cycle for a Merchandise Company
  5. Question
    An Item That Can Be Converted into Cash or Used
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An Item That Can Be Converted into Cash or Used

Question 87

Question 87

Multiple Choice

An item that can be converted into cash or used up during the normal operating cycle is:


A) a current asset.
B) Revenue.
C) a current liability.
D) an expense.

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