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#1 2018-08-07 03:44:11

Ibraheem
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Registered: 2012-03-16
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An asset is considered to be a current asset if:

Accounting Quizzes Financial Accounting Exam MCQs

Question:
An asset is considered to be a current asset if:

Option A):
It could be realized in cash or sold or consumed in the business within one year
Option B):
It could be sold immediately by the business for other assets.
Option C):
It is an piece of new machinery that is expected to last for at least ten years.
Option D):
It has been bought recently and was bought new and not used

Correct Answer is Option A):
It could be realized in cash or sold or consumed in the business within one year

2018-08-07 03:44:11

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