Which of the following is a current asset?
A) trade instalment receivables normally collectible in eighteen months
B) intangible assets
C) investment in associates (significant influence investments)
D) cash designated for the purchase of property, plant and equipment

Question

Quizplus · Accepted Answer

Trade instalment receivables are current assets as they are expected to be collected within a short period of time (in this case, 18 months). Intangible assets (B) are long-term assets, investments in associates (C) are usually long-term investments in other companies, and cash designated for the purchase of property, plant and equipment (D) is a specific type of cash that is earmarked for a particular purpose and not necessarily available for day-to-day operations.

Which of the Following Is a Current Asset