Current assets: Resources expected to be used or converted into cash within one year of the balance sheet date (or longer if operating cycle is greater than a year)

Examples:

Cash and cash equivalents: Currency and cash accounts with an original maturity 90 days or less

Accounts receivable: Cash customers owe a business

Inventory: Materials used to make products Prepaid expenses: Expenses paid in advance

Investments: Purchased for financial gain

 

H_2F_Current_assets

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