Which of the following would not be classified as a current asset?
A)Cash
B)Accounts Payable
C)Supplies
D)Inventory

Name: Which of the following would not be classified as a current asset? A)Cash B)Accounts Payable C)Supplies D)Inventory
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

Current assets are assets that will be used up or converted into cash within 12 months of the balance sheet date.Examples include Cash,Supplies and Inventory.Accounts Payable is a current liability.

Which of the Following Would Not Be Classified as a Current