When Charlotte is calculating the current assets for her t-shirt shop in Charlottetown, she needs to remember to include her:
A) notes receivable
B) fixed assets
C) accrued liabilities
D) accounts receivable
E) retained earnings

Question

Quizplus · Accepted Answer

Accounts receivable are a current asset because they are expected to be converted into cash within one year.

When Charlotte Is Calculating the Current Assets for Her T-Shirt