CURRENT ASSETS Definition

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CURRENT ASSETS are those assets of a company that are reasonably expected to be realized in cash, or sold, or consumed during the normal operating cycle of the business (usually one year). Such assets include cash, accounts receivable and money due usually within one year, short-term investments, US government bonds, inventories, and prepaid expenses.

Learn new Accounting Terms

TARIFF, AD VAL OREM is a tariff determined as a percentage of the value of the goods.

DEFLATION is a contraction of economic activity resulting in a decline of prices.

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