Monetary assets are comprised of
A)cash and cash equivalents.
B)cash,cash equivalents,and accounts receivable.
C)cash,cash equivalents,accounts receivable,and notes receivable.
D)cash,accounts receivable,notes receivable,and inventory.

Question

Quizplus · Accepted Answer

Monetary assets include cash, cash equivalents, accounts receivable, and notes receivable because they represent assets that are either in the form of cash or can be readily converted to cash. Inventory is not considered a monetary asset because it is not readily convertible to cash without a significant time delay or potential loss in value.

Monetary Assets Are Comprised of