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.

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EXPENDABLE is something that can be used and discarded without hurting the end product or the companys viability.

UNLIQUIDATED can mean: not liquidated; not exactly ascertained; not adjusted or settled.

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