Which of the following is NOT a current asset?
A) Equipment
B) Prepaid insurance
C) Cash
D) Accounts receivable

Name: Which of the following is NOT a current asset? A) Equipment B) Prepaid insurance C) Cash D) Accounts receivable
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Question

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Equipment is a long-term asset, not a current asset. Current assets are assets that are expected to be converted into cash within one year or one operating cycle, whichever is longer. Prepaid insurance, cash, and accounts receivable are all examples of current assets.

Which of the Following Is NOT a Current Asset