what is current asset?
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In accounting, a current asset is any asset which can reasonably be expected to be sold, consumed, or exhausted through the normal operations of a business within the current fiscal year or operating cycle.
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Explanation:
A current asset is a company's cash and its other assets that are expected to be converted to cash within one year of the date appearing in the heading of the company's balance sheet. ... Current assets are usually presented first on the company's balance sheet and they are arranged in their order of liquidity.
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