An example of a current asset is
A) land.
B) inventories.
C) equipment.
D) buildings.

Name: An example of a current asset is A) land. B) inventories. C) equipment. D) buildings.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inventories are examples of current assets as they are expected to be converted into cash within one year or within the operating cycle of the business. Land, equipment, and buildings are considered fixed assets and typically have a longer useful life.

An Example of a Current Asset Is