Which of the following is an example of current asset?
A) Motor vehicles
B) Furniture
C) Inventory
D) Office equipment

Question

Quizplus · Accepted Answer

Inventory is an example of current asset since it is the items that a company has in stock and expects to sell or use in their operations within a year. The other options are fixed assets since they are long-term resources that a company uses to generate revenue but have longer useful lives than a year.

Which of the Following Is an Example of Current Asset