Which of the following would be listed as a noncurrent asset?
A)Cash.
B)Supplies.
C)Buildings and equipment.
D)Total assets.

Question

Quizplus · Accepted Answer

Buildings and equipment are generally considered noncurrent assets because they are expected to provide economic benefits for more than one year. Cash and supplies are typically current assets that are expected to be used or consumed within a year. Total assets is not a specific asset account, but rather the sum of all assets, both current and noncurrent.

Which of the Following Would Be Listed as a Noncurrent