Which of the following items is NOT included in current assets?
A) Short-term, highly liquid, marketable securities.
B) Accounts receivable.
C) Inventory.
D) Bonds.
E) Cash.

Question

Quizplus · Accepted Answer

Bonds are long-term investments and are not considered current assets. Current assets are assets that are expected to be converted into cash within one year or one operating cycle, whichever is longer. The other options listed (A, B, C, and E) are all examples of current assets.

Which of the Following Items Is NOT Included in Current