Which of the following would not be considered a current asset? A)Inventory. B)Prepaid expenses. C)Land used in daily operations. D)Accounts receivable.

Question

Quizplus · Accepted Answer

Land used in daily operations is a fixed asset and not a current asset. Current assets are expected to be converted to cash or consumed within one year or less, while fixed assets are expected to be held for a longer period of time to generate revenue for the business.

Which of the Following Would not Be Considered a Current