Current assets as reported on the balance sheet do NOT include:
A)cash equivalents.
B)inventory.
C)prepaid insurance.
D)goodwill.

Name: Current assets as reported on the balance sheet do NOT include: A)cash equivalents. B)inventory. C)prepaid insurance. D)goodwill.
Brand: Quizplus
Rating: 5.0 (36 reviews)

Question

Quizplus · Accepted Answer

Goodwill is considered an intangible asset and is not classified as a current asset on the balance sheet. Current assets typically include cash, cash equivalents, inventory, and prepaid expenses like insurance.

Current Assets as Reported on the Balance Sheet Do NOT