Which of the following is a noncurrent asset?
A)Inventories
B)Office supplies
C)Land
D)Accounts receivable

Name: Which of the following is a noncurrent asset? A)Inventories B)Office supplies C)Land D)Accounts receivable
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Question

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Land is a noncurrent asset because it is a long-term asset that is not intended to be sold within the next year. Inventories, office supplies, and accounts receivable are typically classified as current assets because they are expected to be converted into cash within a year or less.

Which of the Following Is a Noncurrent Asset