Which of the following are current assets?I. inventory
II. goodwill
III. fixed assets
IV. cash
A)III only
B)IV only
C)II and III only
D)I and IV only
E)I, II, and IV only

Name: Which of the following are current assets?I. inventory II. goodwill III. fixed assets IV. cash A)III only B)IV only C)II and III only D)I and IV only E)I, II, and IV only
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Question

Quizplus · Accepted Answer

Only inventory and cash are current assets. Goodwill is an intangible asset and fixed assets are long-term assets.

Which of the Following Are Current Assets?I. Inventory