True or False? Current assets are expected to be liquidated within 1 year?

True or False?

Current assets are expected to be liquidated within 1 year?

Expert Solution

Current assets are assets that can be converted into cash within one fiscal year or one operating cycle. Current assets are used to facilitate day-to-day operational expenses and investments. As a result, short-term assets are liquid meaning they can be readily converted into cash.

So the answer is True.

ekkarill92 answered 2 years ago

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