It Is Not True That Current Assets Are Assets That A Company Expects To

Is It True Or False That Currents Assets Are Expected To Acquire / Purchase By The Company Or Corporation Within One Year Or Less Than One Year?

It is not true that Current Assets are Assets that a company expects to acquire within one year as these are used by the company to provide the probable future benefits upto one year or less to the business and not expect to acquire it for one year.

Actually, the company or corporations acquired, owned and controlled the current assets from the date of acquisition or purchase and then used in the business with the expectation that it will provide probable benefits to the business and not to spend time of one year or less only in acquiring or purchasing the current assets.