Which of the following includes only current assets?
A)Accounts receivable,cash,inventory,office supplies
B)Cash,accounts payable,inventory,office supplies
C)Cash,land,accounts receivable,inventory
D)Accounts receivable,cash,furniture,office supplies

Question

Quizplus · Accepted Answer

Current assets are assets that are expected to be consumed or converted into cash within one year. Accounts receivable, cash, inventory, and office supplies are all current assets. B) Accounts payable is a current liability, not a current asset. C) Land is a long-term asset, not a current asset. D) Furniture is a long-term asset, not a current asset.

Which of the Following Includes Only Current Assets