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  3. Study Set
    Accounting
  4. Exam
    Exam 4: Completing the Accounting Cycle
  5. Question
    The Assets That Are Expected to Be Converted to Cash
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The Assets That Are Expected to Be Converted to Cash

Question 3

Question 3

Multiple Choice

The 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) long-term
D) current

Correct Answer:

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