Answered: The assets that can be easily converted…

The assets that can be easily converted into cash within a short period of time that is one year or less are known : a. Fixed asset b. Intangible assets c. Investments d. Current assets

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter14: Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: The gain on sale of equipment is deducted from net income to arrive at operating cash flows because...

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The assets that can be easily converted into cash within a short period of time that is one year or less are known :

Fixed asset

Intangible assets

Investments

Current assets

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