Which of the following is the best example of a current asset for a clinical psychologist?
A) the building in which his clinic is located
B) money he pays for rent and utilities
C) credit card charges by patients
D) his reputation as a compassionate man

Question

Quizplus · Accepted Answer

Credit card charges by patients would be considered a current asset as they represent revenue that has been earned but not yet collected. The other options listed are not considered current assets.

Which of the Following Is the Best Example of a Current