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Question 2 of 3 Road the following statements regarding current assets. Select the correct statement(s). A. The balance sheet item inventories refers only to finished
Question 2 of 3 Road the following statements regarding current assets. Select the correct statement(s). A. The balance sheet item "inventories" refers only to finished goods available for sale in the case of a manufacturing company. B. The balance sheet item "accounts receivable" refers to money that is owned to the company but has not yet been received C. The money in a current (cash) account at a bank, needed to conduct day-to-day business, is classified as "cash and cash equivalents" in the balance sheet. D. Current assets are those assets that can be converted to cash or its equivalent in less than one month. Mark for Review What's This
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