Which of the following is NOT typically characterized as a current asset?
A) Inventory.
B) Cash on hand.
C) Patents.
D) Accounts receivable.
E) Marketable securities.

Question

Quizplus · Accepted Answer

Patents are considered intangible assets, not current assets, because they cannot be easily converted into cash within one year. Current assets include items like inventory, cash, accounts receivable, and marketable securities, which are expected to be converted to cash or used up within one year.

Which of the Following Is NOT Typically Characterized as a Current