NAC706.401916. “Current asset” defined.

Latest version.

“Current asset” means:

     1. Cash;

     2. An asset that is readily convertible into cash or is held for current use in operations;

     3. A current claim against another person, the payment of which is reasonably assured; and

     4. An amount accruing to a company that is subject to current settlement, except an item for which an account other than an account designated as a current asset is provided.

(Added to NAC by Transportation Serv. Auth. by R040-02, eff. 9-20-2002)

                    
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