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Resources that are cash, near cash, or expected to become cash within a year are:
ACurrent assets
BCapital assets
CCustody assets
DContract assets
Answer & Solution
Correct answer: A. Current assets
1. The normal operating cycle turns them over.
2. A year is the time limit.
3. They are current assets.
_Source: OpenStax Principles of Finance 2e, Chapter 19, The Importance of Working Capital._
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