Accounting Dictionary - Letter C

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Current assets
are cash and other resources that are reasonably expected to be realized in cash or sold or consumed within one year of the balance sheet date or the entity's operating cycle, whichever is greater. Current assets are presented in the assets section of the balance sheet. Examples of current assets include cash, accounts receivable, prepaid expenses, and other short-term assets.
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