Which of the following is a noncurrent asset?
A) Land
B) Accounts receivable
C) Cash
D) None of these choices.

Name: Which of the following is a noncurrent asset? A) Land B) Accounts receivable C) Cash D) None of these choices.
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Question

Quizplus · Accepted Answer

Land is a noncurrent asset because it is expected to be used by the business for more than one year. Accounts receivable and cash are current assets as they are expected to be used within one year.

Which of the Following Is a Noncurrent Asset