Current assets that will be reduced or converted to cash with in the normal operating of the firm are called a) Temporary Assets b) Self-liquidating assets c) Permanent current assets d) None of these Question 12 (2 points) Float represents a) The amount of cash the company keeps on-hand Ob) The difference between the amount of cash on the firm's book and the amount credited to it by its bank O c) The excess inventory the company carries to prevent stockouts