Assets that are expected to be converted to cash, sold, or used up during the next 12 months, or within the business's normal operating cycle if the cycle is longer than a year, are called ________ assets.

Group of answer choices

intangible

plant

long-term

current

All assets that will not be converted to cash or used up within the business's operating cycle or one year, whichever is greater, are called ________.

Group of answer choices

long-term assets

fully depreciated assets

current assets

current liabilities