Which of the following would not be classified as a current asset?
A)Cash
B)Accounts payable
C)Supplies
D)Inventory

Name: Which of the following would not be classified as a current asset? A)Cash B)Accounts payable C)Supplies D)Inventory
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Question

Quizplus · Accepted Answer

Accounts payable is a liability, not an asset. Current assets are resources that a company expects to convert into cash within one year or a normal operating cycle, whichever is longer. Cash, supplies, and inventory are all examples of current assets.

Which of the Following Would Not Be Classified as a Current