When Darla prepares her company's balance sheet, she should include _____ in the list of current assets.

Question

Quizplus · Accepted Answer

The list of current assets on a balance sheet typically includes assets that are expected to be converted into cash within one year, such as cash and cash equivalents, short-term investments, inventory, and accounts receivable. Equipment, land, and leased property are typically considered long-term assets and would not be included in the current assets section.

When Darla Prepares Her Company's Balance Sheet, She Should Include