Question

Current assets are assets on a long term basis is true or false

Answer 1

Answer:

false

Explanation:

fixed asset on a long term basis

Answer 2

Answer:

false

Explanation:

Current assets will include items such as cash, inventories, and accounts receivables. Non-current assets are the long-term assets that have a useful life of more than one year and usually last for several years. Long-term assets are considered to be less liquid, meaning they can't be easily liquidated into cash.