N.Y. Comp. Codes R. & Regs. tit. 10 § 451.70
Current through Register Vol. 46, No. 53, December 31, 2024
Unrestricted cash, or other assets held for conversion within a relatively short period into cash or other readily convertible asset, or currently useful goods or services. Usually the period is one year or less; however, in some enterprises the period may be extended to the length of the operating cycle, which may be more than a year. The five customary subdivisions of current assets are cash, temporary investments, receivables, inventory, and prepaid expenses.
N.Y. Comp. Codes R. & Regs. Tit. 10 § 451.70