Question: Current assets are assets _______________ and fixed assets are assets _______________ . a. converted to cash during the accounting year; converted to cash during the

Current assets are assets _______________ and fixed assets are assets _______________ .

a.

converted to cash during the accounting year; converted to cash during the accounting year

b.

converted to cash during the accounting year; that have an expected life in excess of one year

c.

that have an expected life in excess of one year; converted to cash during the accounting year

d.

that have an expected life in excess of one year; that have an expected life in excess of one year

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