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Posted by on Sunday, January 23, 2011 at 11:15pm.

an item which may be converted to cash within one year or one operating cycle of the firm is classified as a

  • financial analysis - , Sunday, January 23, 2011 at 11:47pm

    I am pretty sure it is a current asset.

    A current asset has a life of one year or less (e.g., inventory) while a noncurrent asset has a life in excess of one year (e.g., machinery).

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