Denver wants to make sure he puts his company's assets in the correct categories. Which of the following is an example of a current asset?

Name: Denver wants to make sure he puts his company's assets in the correct categories. Which of the following is an example of a current asset?
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Question

Quizplus · Accepted Answer

Inventory is considered a current asset because it is expected to be sold or used within a year. Land, equipment, and buildings are considered fixed assets as they are expected to last for longer than a year.

Denver Wants to Make Sure He Puts His Company's Assets