Leemo, a soft drink manufacturing company, sells approximately 400 batches of its soft drinks worth $80,000 every week. In this context, the 400 batches of soft drinks that Leemo produces weekly represent the company's _____.
A) intangible assets
B) current assets
C) defensive assets
D) fixed assets

Question

Quizplus · Accepted Answer

The 400 batches of soft drinks are considered current assets because they are part of the inventory that the company expects to sell within a short period, typically within a year.

Leemo, a Soft Drink Manufacturing Company, Sells Approximately 400 Batches