Cash, marketable securities, notes receivable, and merchandise inventory are examples of
A) current assets.
B) expenses.
C) acid-test assets.
D) fixed assets.
E) overhead costs.

Question

Quizplus · Accepted Answer

Cash, marketable securities, notes receivable, and merchandise inventory are examples of current assets, which are assets that are expected to be converted into cash or used up within one year or the operating cycle of the business (whichever is longer).

Cash, Marketable Securities, Notes Receivable, and Merchandise Inventory Are Examples