Answer:
The answer is D. That will be used up or converted to cash within 12 months.
Explanation:
Assets are what an entity owns and controls or Asset is a resource controlled by an entity as a result of past events and from which economic benefits are expected to flow to the entity.
Current assets are assets that are expected to provide economic benefits within a year(12months)
Examples are cash and cash equivalent, inventory, accounts payable, accounts receivable.
Option A is incorrect because any asset that can last for more than a year or many years is a non-current asset e.g plant and equipment, land etc.
Option B is also incorrect because any asset must be paid for within 12 months is a liability
