Which of the following is an example of a current asset?
A)Inventory
B)Retained earnings
C)Accounts payable
D)Plant and equipment
E)Common stock

Name: Which of the following is an example of a current asset? A)Inventory B)Retained earnings C)Accounts payable D)Plant and equipment E)Common stock
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Question

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Inventory is a current asset as it is expected to be sold or used within a year. Retained earnings, accounts payable, plant and equipment, and common stock are not current assets.

Which of the Following Is an Example of a Current