A current asset that is convertible to cash within 3 months can be referred to as
A. Cash asset
B. Operating asset
C. Intangible assets
D. Cash equivalent
Answer: Option D
Solution(By Examveda Team)
A current asset that is convertible to cash within 3 months can be referred to as Cash equivalent. Cash and cash equivalents refer to the line item on the balance sheet that reports the value of a company's assets that are cash or can be converted into cash immediately.This Question Belongs to Commerce >> Accounting
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