Current assets include
A) plant
B) inventory
C) equipment
D) additional paid‑in capital (capital surplus)

Question

Current assets include​
A) plant​
B) ​inventory
C) ​equipment
D) ​additional paid‑in capital (capital surplus)

Quizplus · Accepted Answer

Current assets are assets that can be easily converted into cash within a year or less. Inventory is one such asset that can be easily sold for cash. Plant, equipment, and additional paid-in capital are not current assets as they are more long-term in nature and cannot be easily converted into cash.

Current Assets Include​

Current Assets Include