Final answer:
The correct answer is option C. Accounts Receivable.
Step-by-step explanation:
In this question, the current asset that is expected to be converted to cash, sold, or consumed during the next year (or the normal operating cycle, if longer) is Accounts Receivable. Accounts Receivable refers to the money owed to a company by its customers for products or services sold on credit. It represents money that is expected to be collected within one year.
On the other hand, Building, Land, and Equipment are not considered as current assets. Buildings and land are categorized as fixed assets since they are not intended to be sold in the ordinary course of business. Equipment is also classified as a fixed asset as it is used for long-term operations and not expected to be converted to cash within a year.