Select from choices of its balance sheet classification. If the item should not appear on the balance sheet, select H.
-Cash
A) Current assets
B) Long-term investments
C) Long-term assets
D) Intangible assets
E) Current liabilities F. Noncurrent liabilities G. Equity H. Not appear on the balance sheet

Question

Quizplus · Accepted Answer

Cash is classified as a current asset because it is a resource that is expected to be used within one year or within the operating cycle of the business, whichever is longer.

Select from Choices of Its Balance Sheet Classification