Which of the following is a current asset?
A) equipment
B) land
C) leased property
D) accounts receivable

Name: Which of the following is a current asset? A) equipment B) land C) leased property D) accounts receivable
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Question

Quizplus · Accepted Answer

Accounts receivable is a current asset because it is money that is owed to a company and is expected to be received within a year. Equipment is a long-term asset, while land and leased property are both fixed assets.

Which of the Following Is a Current Asset