Current assets include
A) inventory.
B) accounts receivable.
C) savings.
D) cash.
E) all of the above.

Question

Quizplus · Accepted Answer

Current assets are assets that are expected to be converted into cash within one year or within the operating cycle of a business, whichever is longer. Inventory, accounts receivable, and cash are all examples of current assets. Savings, if readily available for use within the year, can also be considered a current asset, depending on its form and accessibility. Therefore, all the options listed are considered current assets.

Current Assets Include