A current asset is

Question $6$ options:

an expense, such as rent, that is paid before the upcoming period in which it is due.

an amount due from a customer who has purchased goods on credit.

an asset that can or will be converted to cash within the following year.

a nonphysical asset, such as a patent or trademark, that has economic value in the form of expected benefit.

an asset with long$-$term use or value, such as land, buildings, and equipment.