Current assets are cash and other assets that are expected to be converted into cash or used up in the near future, usually within 1 year.

Groceries on the shelves of a grocery store [are / are not] current assets.

The store building [is / is not] a c ______ a ___ .

On the balance sheet, current assets are usually reported separately from noncurrent assets. They are expected to be converted to cash within a year.