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CFA Level 1
Financial Reporting and Analysis

Identifying Current Assets on Balance Sheet

Medium Financial Statements Balance Sheet

When examining a company's Balance Sheet, it's important to differentiate between current and non-current assets. Current assets are typically expected to be converted into cash or used up within one year or within the operating cycle, whichever is longer. Non-current assets, on the other hand, are held for more than a year and include long-term investments.

Given this context, which of the following is classified as a current asset on a Balance Sheet?

Hint

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