Which of the following is classified as a current asset?
A) Office supplies.
B) Patent.
C) Office equipment.
D) Land.
E) Unearned revenue.

Name: Which of the following is classified as a current asset? A) Office supplies. B) Patent. C) Office equipment. D) Land. E) Unearned revenue.
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Question

Quizplus · Accepted Answer

Office supplies are typically used up or sold within a year, making them a current asset. The other options (patent, office equipment, land, and unearned revenue) are not typically considered current assets.

Which of the Following Is Classified as a Current Asset