Current assets are defined as

a. Cash and cash equivalents.
b. All assets expected to be quickly used by the firm.
c. Cash and other assets that the firm expects to sell or consume during the normal operating cycle of a business, usually one year.
d. Cash and other assets that the firm expects maintain for a period including the normal operating cycle of a business, usually one year.


C

Business

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Not-for-profit businesses can expect to gain only minimal benefits from developing business plans

Indicate whether the statement is true or false

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In most states a sole proprietorship that operates under a trade name must file with the

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A company’s decision to introduce a new product into the market is an example of ______.

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Business