Which of the following items is NOT normally considered to be a current asset?
A)Accounts receivable.
B)Inventory.
C)Bonds.
D)Cash.
E)Short-term, highly-liquid, marketable securities.

Question

Quizplus · Accepted Answer

Bonds are not normally considered to be a current asset, as they are typically long-term investments. Current assets are defined as assets that are expected to be converted into cash or consumed within a year or operating cycle, whichever is longer. Examples of current assets include cash, accounts receivable, inventory, and short-term, highly-liquid, marketable securities.

Which of the Following Items Is NOT Normally Considered to Be