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Can a current asset (or liability) be permanent? a.Yes, many current assets and liabilities can be viewed as being permanent b.No, because it's expected to

Can acurrentasset (or liability) be "permanent?"

a.Yes, many current assets and liabilities can be viewed as being permanent

b.No, because it's expected to be sold or paid off within a year

c.If it's sold or paid off, but is essentially replaced immediately with an equivalent asset or liability, it is virtually permanent, for all practical purposes

d.Seasonal assets are unlikely to be considered permanent

e.A and B

f.A and C

g.A and D

h.B and C

i.B and D

j.C and D

k.all but A

l.all but B

m.all but C

n.all but D

o.all are true

p.none are true

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