CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

Current assets are cash and other assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, ______

A. whichever is longer.
B. whichever the company wishes to.
C. One year is the maximum time period for current assets' expected life cycle.
Correct Answer: A

Current assets are cash and other assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, whichever is longer.

User Contributed Comments 2

User Comment
kalps NB Current assets are sold, turned into cash or consumed in either one year or with the firms operating cycle, whichever is longer
F79KHAN Agreed, Current assets are essentially the assets that are the most liquid among all asset class are either easily convertible to cash or expected to be sold/consumed within the year or operating cycle.
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