Which set of items below are current assets?
A) Accounts receivable, net income, inventory, and dividends
B) Cash, accounts receivable, capital stock, and sales
C) Net income, cash, office supplies, and inventory
D) Cash, accounts receivable, inventory, and office supplies

Question

Quizplus · Accepted Answer

Cash, accounts receivable, inventory, and office supplies are all assets that can be easily converted to cash within a year or less, making them current assets. Net income, dividends, capital stock, and sales are not current assets.

Which Set of Items Below Are Current Assets