An example of a current asset is
A) equipment.
B) land.
C) leased property.
D) accounts receivable.

Name: An example of a current asset is A) equipment. B) land. C) leased property. D) accounts receivable.
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Question

Quizplus · Accepted Answer

Accounts receivable is considered a current asset because it will typically be converted to cash within one year or less. Equipment, land, and leased property are all examples of property, plant, and equipment which are classified as long-term assets.

An Example of a Current Asset Is