Which set of items below are current assets?
A)Accounts Receivable, Net Income, Inventory, and Dividends
B)Cash, Accounts Receivable, Capital Stock, and Sales
C)Net Income, Cash, Office Supplies, and Inventory
D)Cash, Accounts Receivable, Inventory, and Office Supplies

Question

Quizplus · Accepted Answer

The current assets are the assets that can be converted into cash or used up within the next 12 months. 
Cash, Accounts Receivable, Inventory, and Office Supplies are all examples of current assets. 
Net Income, Capital Stock, Sales, and Dividends are not current assets as they do not represent cash or a tangible asset that can be converted into cash within the next 12 months.

Which Set of Items Below Are Current Assets